SOL/USDT right now - $111.32 (+1.25%)
Top bar:
33.74% BID (green) vs 66.26% ASK (red)
This is key - more sellers than buyers right now. Short-term:
- Big sell walls on top
- Price might get rejected if it tries to go $111.40+
- But that can also be bear trap - if those asks get eaten, SOL pumps fast
Orderbook details:
- Bids (left): Someone buying 3,122 SOL at $111.16 = huge support
- Another whale with 1,902 SOL at $111.10
- Asks (right): Big sell wall 1,942 SOL at $111.37, 1,971 SOL at $111.40, 2,479 SOL at $111.52
What this means for trade:
If you're thinking to buy SOL now:
- Don't market buy at $111.33 - you're paying the ask
- Set limit at $111.16-$111.20 - where that 3,122 bid wall is
If you already hold SOL:
- Resistance is $111.37 - $111.52 (all those 1,900+ walls)
- If SOL breaks $111.60 with volume, quick move to $113
My BABA-MOX style play:
1. Buy dip at $111.16 (strong support)
2. Or breakout buy if it smashes $111.60
Don't buy in middle at $111.32 - no-man's land.$
Top bar:
33.74% BID (green) vs 66.26% ASK (red)
This is key - more sellers than buyers right now. Short-term:
- Big sell walls on top
- Price might get rejected if it tries to go $111.40+
- But that can also be bear trap - if those asks get eaten, SOL pumps fast
Orderbook details:
- Bids (left): Someone buying 3,122 SOL at $111.16 = huge support
- Another whale with 1,902 SOL at $111.10
- Asks (right): Big sell wall 1,942 SOL at $111.37, 1,971 SOL at $111.40, 2,479 SOL at $111.52
What this means for trade:
If you're thinking to buy SOL now:
- Don't market buy at $111.33 - you're paying the ask
- Set limit at $111.16-$111.20 - where that 3,122 bid wall is
If you already hold SOL:
- Resistance is $111.37 - $111.52 (all those 1,900+ walls)
- If SOL breaks $111.60 with volume, quick move to $113
My BABA-MOX style play:
1. Buy dip at $111.16 (strong support)
2. Or breakout buy if it smashes $111.60
Don't buy in middle at $111.32 - no-man's land.$