SOL weakened in tandem with the broader market intraday. After the earlier rebound met resistance at 103, it continued to decline, dipping as low as 92. The 11-point one-way move played out as expected, and the bearish momentum delivered!
Looking at the chart, the daily price has broken below the Bollinger middle band, with highs gradually moving lower. The MACD continues to weaken and trend down, bullish momentum is fading, and the overall trend is turning bearish. Every rebound is an opportunity to sell at a higher level.
On the 4-hour chart, the price is moving near the lower band. It is difficult for rebounds to hold above the middle band, selling pressure continues to be released, and buying support is insufficient.
On the 1-hour chart, the price briefly found support and consolidated. This is a minor pause after a sharp drop, and rebound potential is limited. Don't rush to buy the dip; patiently wait for a rebound to resistance before positioning for a short!
Sell SOL short near 99-101 on a rebound, targeting 93-90; if it breaks below, follow the move toward 88#KOSPI下跌3.53%重回6000点下方 $SOL
Looking at the chart, the daily price has broken below the Bollinger middle band, with highs gradually moving lower. The MACD continues to weaken and trend down, bullish momentum is fading, and the overall trend is turning bearish. Every rebound is an opportunity to sell at a higher level.
On the 4-hour chart, the price is moving near the lower band. It is difficult for rebounds to hold above the middle band, selling pressure continues to be released, and buying support is insufficient.
On the 1-hour chart, the price briefly found support and consolidated. This is a minor pause after a sharp drop, and rebound potential is limited. Don't rush to buy the dip; patiently wait for a rebound to resistance before positioning for a short!
Sell SOL short near 99-101 on a rebound, targeting 93-90; if it breaks below, follow the move toward 88#KOSPI下跌3.53%重回6000点下方 $SOL
