Last night's non-farm data was beneficial, yet it plummeted; SOL was washed out overnight!
I am Lan Xuan, as a senior financial analyst, I must expose this conspiracy — the main force is offloading under the guise of good news, and the data is just a cover! Currently, SOL is fluctuating around 202.5, the 205 resistance level has become today's dividing line for bulls and bears! A breakthrough will trigger a rebound, while failure will drop it to 200 or even 193! This article will combine technical and news aspects to reveal the market direction for you!
In-depth technical analysis: 205 is the key engine!
It can be clearly seen from the 1-hour candlestick chart:
Resistance levels are pressing down layer by layer: 218→215→212 forming a short-seller defense line, while 205 is the critical point for short-term rebound strength!
Support level is precarious: 200 is a psychological barrier, breaking it will accelerate the decline to 197 or even 193 (clearly marked in the chart)!
The major player's hidden orders are full of secrets: A委比 of -0.10% exposes the weakness of short positions, but the dense orders near 205 reveal the intentions of the main force!
Operational strategy (key!):
If the rebound breaks 205: Stop loss on shorts, follow up with longs targeting 210→212→215!
If the rebound is blocked at 205: Increase short positions, set stop loss at 205.5, target 200→197!
(Warning: Leverage ≤ 3 times, refuse to hold positions!)
The news has dramatically reversed: September interest rate cuts have become the biggest variable!
Why did the non-farm payrolls lead to a crash instead of a rise? The truth is:
Data leaked in advance: Major players raised prices with good news and then sold off, harvesting retail investors who chased the rise!
Expectations for September interest rate cuts are heating up: If the Federal Reserve releases dovish signals, SOL will welcome a violent rebound! But if the rate cut is delayed, the crash will continue!
On-chain whale activity: Last night's sharp decline, a certain exchange saw inflows of a million SOL, suspected major players are accumulating at low prices!
What should retail investors do? Exclusive warning from Lan Xuan!
Light investors: Reduce positions near 205, if the rebound fails, then short!
Heavy investors: If it breaks 200, decisively cut losses and place a buy order at 193 for a rebound!
Ultimate Plan: After breaking 205, pull back to 203.5 to chase longs (precise internal points from Lan Xuan)!
My opinion:
Short-term bias is bearish, but if the September interest rate cut is implemented, SOL will ignite a rebound trend! The main force's intention to wash out is obvious, do not blindly chase highs and sell lows!
Follow Lan Xuan, join Lan Xuan's top team, where there are strategies and companionship, let us fight side by side and steadily win back your profits!
