Last Thursday night, SOL fell to 116.71, then rebounded to 128.74, but ultimately failed to surpass last Thursday's high of 129.00. This detail is actually crucial — it suggests that the top of the next swing trading may very well be capped at 129.00. As for the downside, once it breaks below the range of 120-116.26, the bottom is likely to appear between 112.65 and 111.25.



For the bulls, this data is worth a good look. Especially if suddenly pulled to the 130-134 range tonight or tomorrow night, the real short-term bottom is still locked at 116. In other words, a rapid surge does not equal a trend reversal; rather, it could be a signal for distribution.
SOL-1.57%
View Original
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • 2
  • Repost
  • Share
Comment
0/400
LidoStakeAddictvip
· 9h ago
129 is stuck, this is trouble... it's another trapped rhythm, right? --- Pump to 130-134 and it's a dump? Dude, I've heard this trap N times, every time it's a precise shot at the bottom... --- 116 is the bottom line, remember, don't get trapped in --- This data analysis... looks very authoritative, but who knows?🤔 --- Every time they say it's stuck, it ends up hitting the limit up, it's really something --- Should I continue to hold or run now, guys? --- You want to reverse without standing above 129? The pattern is too small, bro --- As soon as the dump signal appears, the Cut Loss show will start again, I bet five bucks --- Bottom locked at 116, top at 129... there's about ten bucks of profit space in between, interesting --- Another "this time it's really different" game, why can't I believe it?
View OriginalReply0
GasFeeCryervip
· 10h ago
129.00 This hurdle is really hard to hold, it feels like institutions are testing. The moment it pumped to over 130, I knew it was time to run, the tricks are all the same. I remember this bottom at 116, if it breaks, it will head straight to 112. This wave of long positions is a bit precarious, full of dump signs. Rebound is an exit opportunity, don't think about any reversal.
View OriginalReply0
  • Pin

Trade Crypto Anywhere Anytime
qrCode
Scan to download Gate App
Community
  • 简体中文
  • English
  • Tiếng Việt
  • 繁體中文
  • Español
  • Русский
  • Français (Afrique)
  • Português (Portugal)
  • Bahasa Indonesia
  • 日本語
  • بالعربية
  • Українська
  • Português (Brasil)