SOL selling pressure intensifies! The bear feast begins, seize this opportunity for profit during the sharp decline
Current SOL price 147.56, below MA200 and holding cost, the upper Bollinger Band is under significant pressure, with market selling pressure dominating. It is recommended to short in the short term, entry at 147.6, stop loss at 149.3, target at 143.7, risk-reward ratio 2.23. Risk: liquidity trap or unexpected positive news may trigger a rebound, single position <2%, avoid trading during low liquidity periods.
Technical analysis
1. Price state: Bollinger position at 69% close to upper band (149.28), indicating strong upward resistance; MA200 (152.3) deviation -3.11%, holding cost (151.07) deviation -2.32%, all showing price weakness, in a downward channel.
2. Market strength: 24-hour trading volume ratio 0.94 (shrinking), price slightly down 0.68% combined with shrinking volume, indicating bears are in control; positions decreased by 1.87% in 24h, long-short ratio slightly increased but smart money net outflow (contract net flow -525k), no major news, sentiment is bearish.
3. Key support/resistance: Support level at 143.73 (Bollinger lower band), resistance level at 149.28 (Bollinger upper band); liquidity area shows sellers concentrated at 147.8-148.5 (value 617k USDT), buyers at 144.6-146.7 (value 560k USDT); buy-sell ratio 0.913 (significant selling pressure), total sell orders value 4.1 million vs buy orders 3.08 million, the gap at 147.5-148.0 may trigger price volatility.
Market cycle analysis
In mid-bear market: 7-day price down 8.34%, positions continuously flowing out, the downward trend remains unchanged.
Trading strategy
• Entry point: 147.6 (current price, confirmed by Bollinger upper pressure)
• Stop loss point: 149.3 (above Bollinger upper band)
• Target level: 143.7 (Bollinger lower band support)
• Risk-reward ratio: 2.23 (based on Short formula)
Risk warning
• Market risk: macro events or liquidity gaps may amplify volatility; strategy failure condition: price breaks 150.0 requires stop loss reassessment.
• Operation: position ≤2%, avoid low liquidity periods during Asian market hours.
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