The Ringgit strengthens! Some rejoice, some worry!
🇲🇾 The Malaysian Ringgit has strengthened Who is secretly laughing? Who is silently bearing the burden? Recently, many news reports are talking about one thing: 「The Malaysian Ringgit has reached a 10-year high.」 Some people feel very happy about it, while others start to feel anxious. But most people will have a question in their minds: 👉 The Ringgit strengthening, what does it have to do with me? Today's article, does not side with the government or the banks, we will use everyday examples, to clarify one thing: The Ringgit strengthening, is a change where “some are happy, and some are hurt.” 📌 First, let's clarify what is meant by ‘The Ringgit strengthening’ Before:
Have you ever thought this way? "I made money buying Bitcoin, the government probably doesn't know, right?" "Can the tax authorities regulate the transfer of USDT around?" "Since it's cryptocurrency, not real money, it shouldn't need to be reported for taxes, right?" Brothers and sisters, wake up! 😅 Today I'm going to talk to you about... The question of whether or not you need to file a tax return when using crypto in Malaysia. Trust me, after reading this, You'll be glad you figured it out beforehand. Instead of waiting for LHDN (Inland Revenue Department) to knock on your door before you regret it! 🔍 First, is cryptocurrency legal in Malaysia? This is the most important point!
Let's start with the conclusion: SOL is currently in the "technical rebound phase within a downtrend"; the structure is improving, but the trend reversal confirmation has not yet been completed.
① Major Structure: The trend remains bearish, but it is being repaired. The price is still hovering around EMA28 (approximately 130.5). EMA28 is still pointing downwards, indicating that the medium-term trend has not yet turned bullish. However, the price is no longer making new lows, and the lows are starting to rise.
👉 This is not a strong bullish trend, but rather the first resistance in a bearish trend.
② Why is there a rebound here? (Human nature aspect) This rebound is essentially not because "everyone suddenly has confidence in SOL," but because three things are happening simultaneously: Short sellers are taking profits. After a significant drop, those who needed to sell have basically sold out. Those who missed the rebound are starting to test. "If it doesn't rebound now, will I miss out?" The main force is testing the waters. Checking if the market has the capacity to absorb.
So what you see is: Rising slowly, but it hasn't been pushed back down. This is a typical process of stopping the decline → testing → waiting for confirmation.
③ What is happening at the current position?
SOL is currently doing something very critical: 👉 Testing whether EMA28 changes from "resistance" to "support."
If the price just touches EMA28 and gets pushed back down → This is just a rebound. If it can hold above EMA28 for a few days → Then it qualifies to discuss "trend repair."
As it stands: It is trying, but it hasn't won yet.
④ Key Ranges Above and Below
Lower observation level: approximately 133–130. If it drops back, it indicates a failed rebound.
Upper resistance area: approximately 145–148. This is a previous dense structural area.
It is also the place where bears are most likely to counterattack.
👉 For a real structural strength transformation, it requires: Stabilizing above EMA28 + Breaking through the upper resistance area.
SOL currently resembles a "technical rebound after a deep drop," Testing the trend significance of EMA28, But it has not yet reached the stage where a bullish confirmation can be made.
⚠️ Disclaimer This content is for technical analysis and market structure observation only and does not constitute any investment or trading advice. Market fluctuations can be severe, please ensure proper risk management.
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