Looking at the 4-hour chart, the adjustment of SOL is still ongoing. The price has already fallen below the MA5 and MA20 moving averages, and these two lines are getting closer together, giving off a death cross vibe.
The short-term momentum is obviously insufficient, and the probability of continuing to pull back is quite high.
The approach leans towards shorting on rallies: Consider entering the market when it rebounds to the range of 160-165. See around 150 below.
In the current state of moving average convergence, it's best to observe first and not rush to catch the bottom.
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BearMarketBard
· 11-08 09:01
Can there be surprises? Every day is a fall.
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SighingCashier
· 11-07 13:12
If you don't buy the dip now, you'll be buying the dip for a lifetime.
View OriginalReply0
DaisyUnicorn
· 11-06 23:46
The fate of the Corgi Big Pancake is repeating itself again~
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AirdropSkeptic
· 11-06 11:45
Jumping in to buy the dip might just get you caught in a cash-out trap.
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DevoteAllYourTimeToThe
· 11-06 06:35
Let's get started with the order!
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SocialAnxietyStaker
· 11-05 09:35
Don't buy the dip, is it worth your life?
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SerumDegen
· 11-05 09:34
death cross loading... time to short this mf when it hits 160
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NoodlesOrTokens
· 11-05 09:34
Cryptocurrency Trading must be experienced many times to remember.
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SingleForYears
· 11-05 09:21
Tsk, bearish traders are up to their tricks again.
#巨鲸动向 Afternoon trend observation
Looking at the 4-hour chart, the adjustment of SOL is still ongoing. The price has already fallen below the MA5 and MA20 moving averages, and these two lines are getting closer together, giving off a death cross vibe.
The short-term momentum is obviously insufficient, and the probability of continuing to pull back is quite high.
The approach leans towards shorting on rallies:
Consider entering the market when it rebounds to the range of 160-165.
See around 150 below.
In the current state of moving average convergence, it's best to observe first and not rush to catch the bottom.