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.
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.
5 Likes
Reward
5
2
Repost
Share
Comment
0/400
LidoStakeAddict
· 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
GasFeeCryer
· 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.
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.