After SOL's explosive rise of 4%, a death signal suddenly appeared! 167.7 has become a meat grinder for longs and shorts, retail investors must do three things now!
This 1-hour chart of SOL hides deadly risks! The Bollinger Bands are rapidly contracting, and after the price surged to 168.27, it was quickly smashed back to 167.5. What’s more terrifying is — the current price is exactly stuck at the mid-line of 167.6 life and death line, MACD red bars are shrinking but have not formed a golden cross!
Nuclear-level solution for release:
165 dollars is the last line of defense — if it holds before 3 AM, a small position can be added to raise the average price, but the position must be halved immediately at 168.2!
Break below 165, immediately cut losses — the gap at 162.3 must be filled, at that time, all long positions stop loss should be moved to 164.8!
Do not chase after the explosive breakout of 169! The upper Bollinger band at 169.4 has 5000 SOL futures selling pressure lurking, placing a limit order at 169.2 and running away is the kingly operation!
Ultimate warning: The current 4-hour trading volume has shrunk by 37% compared to before, ETH funds are escaping from SOL — before the Federal Reserve officials speak at 23:00 tonight, all positions must carry a 5% stop loss!
Brothers who are trapped, execute immediately:
167.5 current price hedge short 20% position
Place an order at 168.8 to chase the long position after the breakout (stop loss at 167.3, only for 5 minutes of volume)
Delete other trash coins! Under the blood-sucking market of SOL, PENGU/FIS and other altcoins are bound to be halved!
Are you trapped? When to bottom fish? Still the same saying, confused and helpless, not knowing what to do, click on the avatar to comment. I need fans, you need references.