SOL’s first target at 116.4 has been hit—time to be cautious
Guys, yesterday’s post said, “SOL is pulling back on declining volume without breaking support. 116.4 is within reach, so stay bullish on $SOL .” So far, the first target at 116.4 has been hit right on cue. This move was worth sticking with.
But after taking profits, we need to watch where the next move goes. SOL surged to 116.8, then pulled back to close at 115.5. The highs and lows have been moving lower over the past hour, and toward the close, volume picked up as the price was slammed down to 114.2. Volume was up 162% compared with the previous two hours. This isn’t a low-volume pullback—someone is genuinely selling.
Key level 115.5 is no longer holding. 114.2 is the next direct target below. I’ll only drop my short-term bearish view if SOL reclaims and holds above 116.9. With macro risk aversion weighing on risk assets, I’m leaning bearish on $SOL over the next four hours. Don’t get caught fighting the trend.
Original post: https://www.binance.com/zh-CN/square/post/374893508439330
Guys, yesterday’s post said, “SOL is pulling back on declining volume without breaking support. 116.4 is within reach, so stay bullish on $SOL .” So far, the first target at 116.4 has been hit right on cue. This move was worth sticking with.
But after taking profits, we need to watch where the next move goes. SOL surged to 116.8, then pulled back to close at 115.5. The highs and lows have been moving lower over the past hour, and toward the close, volume picked up as the price was slammed down to 114.2. Volume was up 162% compared with the previous two hours. This isn’t a low-volume pullback—someone is genuinely selling.
Key level 115.5 is no longer holding. 114.2 is the next direct target below. I’ll only drop my short-term bearish view if SOL reclaims and holds above 116.9. With macro risk aversion weighing on risk assets, I’m leaning bearish on $SOL over the next four hours. Don’t get caught fighting the trend.
Original post: https://www.binance.com/zh-CN/square/post/374893508439330