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Wednesday's look at SOL's recent movement shows quite clear technical signals.
The MACD has already formed a death cross, and the gap is still widening, with negative bars getting longer, indicating that the bearish momentum hasn't subsided. Looking at the Bollinger Bands, after narrowing previously, they are now starting to open downward. The price has broken the middle band and has been hovering around the middle to lower bands, showing a clear weakness.
In terms of trading, I personally lean towards shorting within the 155-160 range, with an initial target of 145. If that breaks, then look at 140. #美联储降息 $SOL $BTC