SOL is still maintaining its own rhythm; after reaching a recent high yesterday, it has experienced a slight pullback. Currently, it is still oscillating within a narrow range at a high level.
The price is approaching the upper edge of the red box; we have been mentioning that this position has significant pressure for the past few days, with the weekly EMA52 line's resistance, the daily MA120 line's resistance, and the upper resistance of the daily large range oscillation.
So this is a position to reduce holdings, not to chase prices. It is not too late to wait for the price to break above, pull back, and stabilize at 160 before entering.
If it doesn't break above or fails to stabilize after the pullback, then the price will need to return to the 140-130 range for a rebound upward. So there are chances to enter.
Daily level resistance at 160-172-183-204, support at 139-127-112-98-82
From the liquidation heatmap data of SOL
Price is rising, with a large number of substantial short positions waiting for liquidation in the 156-160 range
Price is falling, with a large number of substantial long positions waiting for liquidation in the 149.6-142.6 range
