Friends, SOL is making waves again! The hourly line has shot up straight, are you itching to jump in again? Don't rush, Rainbow Finance tells you to avoid being reckless when it rises and not to panic when it falls; understand the nuances before taking action!
News Aspect
On-chain OG whale, despite floating losses of $5.03 million in SOL, continues to increase holdings! His current SOL holdings have exceeded $60 million, with total position floating losses nearing $58 million.
Why does he buy more as it falls? Is it 'holding on for dear life' or 'hiding a big move'?
Technical analysis
MACD white and yellow lines are above the zero axis, forming a 'golden cross above water', and there is still upward momentum in the short term.
But note: 125 is the recent first level of resistance, and 130 is a heavy resistance zone; breaking through here all at once is quite difficult.
Initially, look for support at 120; if it breaks, then look at 116, with strong support around 110.
Currently, the volume is average; be careful of 'false breakthroughs and real pullbacks'!
My opinion
Today, there is a high probability of a rise to test 125, and it may even touch the 128-130 area, but it will be difficult to maintain that position. The whales increasing their positions despite losses indicate they are optimistic about the medium to long term, but in the short term, they may try to 'reduce the average cost' through a rise. Retail investors should not blindly follow the trend. It is expected to rise and then fall back, with a key focus on whether the 120 support holds.
What should players do
In the 125-130 area, you can try shorting in batches with light positions.
If it stabilizes after a pullback to the 116-120 range, you can take a light position to catch the rebound.
Never go heavy on direction bets; distribute your layout in batches. Surviving longer is the true victory!
If you want to know the specific points and specific operational suggestions, come to Hongcai's chat room!
The market is like a battlefield; knowing yourself and your opponent will ensure you are never defeated. I am Hongcai, a practical person who teaches you to read K-lines and track whales in simple terms. Follow me, and I'll help you ambush the next opportunity!
In the market, the most important thing is not to predict every wave, but to ensure you are always on the boat. The tide of liquidity will ultimately lift all true value vessels. Pay attention to Hongcai and participate in every attack from Hongcai! Hongcai will announce the specific entry time and real-time news in the chat room every day! #加密市场观察 $SOL
