SOL oscillation is too Zen, the market makers are sharpening their knives waiting to reap the profits! ⚔️💥
SOL's candlestick is simply a representation of Zen, with the price stuck between $144 and $145, the movements are calmer than the bells of a temple. The upper and lower bands are almost touching the face, and the MACD golden cross is as weak as an ant's strength, while the DIF and DEA can't even carry away an ant. 🐜
On-chain data: A giant whale placed a $5 million buy order at $144.5, but there’s a mountain of trapped orders at $147. Breaking this level means waiting to be drained like a battery. News also broke that some projects are secretly dumping, and Vitalik even liked the “SOL downtime literature” — both bulls and bears now feel like they’ve been hit by a freeze spell; the longer it consolidates, the more violent the breakout will be! 🧐
CME futures are online, and the market makers are ready to stir things up:
The launch of CME SOL futures has been hyped up, but looking back at the BTC futures launch strategy — first a surge then a cut. Now the candlestick looks like the market makers have applied sunscreen to it, showing “bullish signals” on the four-hour chart, but in reality, it’s a trap to lure in buyers! 🤣 This market feels like it’s been slowed down by the market makers; the support at $144 is just a spark show, while the resistance at $153 is suffocating! 🎯
Technical upgrades? The market makers only have thoughts of harvesting profits:
Firedancer upgrades sound like a rocket, but in reality, the market makers are preparing overnight on how to harvest profits. The price is bouncing between $144 and $147 like a pressure cooker strategy, with trading volume sluggish, controlled tighter than a mother-in-law choosing a son-in-law. 📉 Remember, once the Bollinger Bands contract, all contract traders become cannon fodder; spot traders should hold steady and not rush to “take action”!
Warning: The current market is like a fish in a pressure cooker, and the one being harvested could be you! 🔥