📈 Is SOL's bullish formation imminent or just a false breakout to lure in buyers? Ding Ding is here to help you see through the traps and opportunities in this consolidation attack and defense!
🚨 #DingDing Cryptocurrency Market Analysis Daily Report (2025/04/17)
According to #Binance's latest data, #SOL long and short positions are intertwined, with breakout points and pressure zones analyzed one by one!🔥
#SOL Summary of each time frame analysis:
- On the 4-hour chart, the potential triple top bearish pattern has not yet formed, and instead, a bullish structure is brewing. If stop-losses are triggered during the retracement, a false breakout to the downside may occur, with TP1 as a resistance level to watch out for.
- On the 1-hour chart, the bulls have broken through, TP1 has been reached, and long positions can adjust the support upwards. There are currently no obvious signs of a bearish reversal, but caution is needed for potential false breakout reversals.
💡 Want to know more details? Please continue reading to dive deeper into the trading strategy data for each time frame!
