Warning! The current rebound of 161.6 from $SOL is a trap!
In the next 24 hours, the rebound is highly unlikely to surpass 164, and then it will break through 160, triggering a long squeeze, targeting 155.
After hitting a bottom near 158, there will be a rebound, but 168 has changed from support to resistance, and it will face obstacles when rebounding to this level.
Three hours ago, a whale transferred 120,000 SOL to Binance, with the exchange's inventory reaching the highest level this year, making it difficult to rise due to selling pressure.
On-chain trading volume for BOME and WIF has halved, making it hard for SOL to rise independently;
Institutions are fleeing, with Cemtrex selling 5,500 units at $181, and DevvStream reducing holdings, with staking volume dropping 8% in one day, leading to capital outflow.
Technically, 168 is a strong resistance, and 160 support is difficult to withstand selling pressure, with 155 being the critical line for bulls and bears.
Long positions are waiting near 158; if it breaks, look for 141;
Short positions can enter near 168, with 179 also being a strong resistance point to short.
If the future rebound does not exceed 164, it will signal bearish momentum, and breaking through 160 will definitely reach 155; the probability of breaking through 168 is very low!
Want to catch the right points in real-time to avoid traps? Leave a message in the comments, and Li Ge will help you monitor entry and exit opportunities, so you won't let the rebound deceive your hard-earned money!