SOL: Finding a counterattack in despair, seeing true and false trends in the counterattack

First, the conclusion:

SOL is currently in a small-level technical pullback phase under a large-level bearish trend — as long as the rebound does not break through the key bearish defense line, it still leans more towards bearish.

Market Analysis

The trend is very clear:

MA7, MA20, MA30 are pressing down,

As long as the moving averages do not open upwards, it is a weak coin in a weak pullback.

Did you see that wave from 121→127?

This is not a reversal; it is a breath after a significant drop.

BOLL lower band continues to decline

The Bollinger Bands are the most honest indicator of the entire trend.

The lower band is falling → the middle band is a resistance → the upper band is completely unapproachable

This indicates:

Funds are not interested in reversing the trend, only in short pullbacks at low levels.

MACD golden cross is weak, dead cross is strong

This is critical:

The bullish golden cross bars are short, while the bearish dead cross bars are deep.

This indicates that the main controlling funds in the market are still bearish.

Going Long

Key long interval: 121 – 123

This range is where the main force previously defended the market twice + the support area of the large bearish candle's lower shadow.

If it falls here again, there will definitely be volume.

Strategy:

→ Go long directly at 121—123 for a rebound

→ Set stop loss below 119

(If it breaks 119, it indicates that the bears will launch a second wave of massacre)

Rebound target:

127 / 129.5

Going Short (Trend Bear) Position:

Best short interval: 132 – 134

This is the resonance suppression area of MA20 + MA30,

Also the position where the previous two failed pullbacks were crushed by the bears.

Strategy:

→ As long as the price pulls back to 132—134, it is a textbook-level shorting point.

→ Set stop loss above 136 (breaking it would indicate a change in trend)

Target:

First look at 127

If it breaks, continue to look at 123 → 121

If it breaks 121 → Be careful, SOL may accelerate downward

The next target may even look at 114–118