$SOL has fallen below 90. Are the bulls still waiting for a rebound?
Bro, the 1-hour chart plunged straight from 104 to 88. It bounced back to 89, but don't assume the bottom is in!
On the 4-hour chart, the price has already fallen below the Bollinger middle band at 98, with the lower band at 93 just below. The trend has turned decisively bearish.
The price has slid steadily from 125 to where it is now, and every rebound along the way has been knocked back down. That shows the bears are firmly in control, while the bulls have no way to fight back.
Resistance: 95. That's the 1-hour Bollinger middle band. If the price rebounds there, take the chance to get out—don't count on a V-shaped recovery.
Support: 88. That's the low of the wick just now. If it breaks below that, there's a sheer drop ahead.
Don't blindly buy the dip now. Wait for a rebound near 95 to reduce your position. Protecting your principal is what matters most.
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Bro, the 1-hour chart plunged straight from 104 to 88. It bounced back to 89, but don't assume the bottom is in!
On the 4-hour chart, the price has already fallen below the Bollinger middle band at 98, with the lower band at 93 just below. The trend has turned decisively bearish.
The price has slid steadily from 125 to where it is now, and every rebound along the way has been knocked back down. That shows the bears are firmly in control, while the bulls have no way to fight back.
Resistance: 95. That's the 1-hour Bollinger middle band. If the price rebounds there, take the chance to get out—don't count on a V-shaped recovery.
Support: 88. That's the low of the wick just now. If it breaks below that, there's a sheer drop ahead.
Don't blindly buy the dip now. Wait for a rebound near 95 to reduce your position. Protecting your principal is what matters most.
#ADP美国10月私营就业增加8.6万人
