I am Nanxi, watching the market, and I found that SOL has started playing the 'heartbeat game' again. On the hourly chart, this coin first fell and then rose, clearly indicating that bulls and bears are secretly competing. But the key question arises: Is the rise real? Is there a bottom if it falls?
First, let's look at the news:
The Federal Reserve will 'inject' $6.8 billion tonight. Although it's a routine operation, the cryptocurrency market has always been 'news as fuel'. Once liquidity eases, risk assets can easily go wild. Can SOL ride this wave of heat? We raise a question mark.
Everyone's position size is different, so it's recommended to find Nanxi, become a villager of Nanxi, and enter the market to build positions together. Nanxi will help you plan your position and control risk!
Next, look at the technical side:
Currently, there are two iron gates above—127.32 and 128.56. Especially 127.32, this is the short-term dividing line between bulls and bears. If it can't push above, any rebound is a 'fake move'. What about below? 124.30 is the first line of defense, and 123.30 is the true bottom. MACD is stuck above the 0 axis, appearing strong, but the volume is shrinking, indicating that everyone is watching and not daring to act rashly.
Nanxi's viewpoint:
I tend to be bearish in the short term. Don't be fooled by it being close to the 0 axis; once it breaks below 125.76, it will happen quickly. Even if there's a rebound, I would prioritize shorting near 127.32, with risk control set above 128.60. If it really drops, I can accumulate in batches near 123.30, take a rebound and run, don't be greedy!
If you don't know how to time your entries, you can follow Nanxi. Nanxi will analyze in real-time in the village and provide the current best entry points.
What should you do?
During the day, watch more and act less; wait until after 22:00 tonight when the Federal Reserve's actions are implemented to plan your layout.
For the range of 127.32-128.56, if there is a volume reduction while pushing up, set up short positions; if it breaks out with increased volume, then consider chasing long positions.
If it breaks below 124.30, the short-term target is directly at 123.30, but don't rush in; enter in two batches.
Remember to set stop-losses, especially for those trading contracts. If the direction is wrong, cut immediately; staying alive gives you a chance to turn things around.
If SOL can really surge to 128 tonight, is it a trap or an opportunity? If it drops to 123, would you dare to bottom-fish? Find Nanxi.Chat room, I will prepare the roadmap in advance and tell you where the pitfalls are, and where the gold is—don't guess the top in a bull market, and don't bottom-fish in a bear market; follow the rhythm to survive longer.
If you're tired of being cut and want to learn to analyze the market yourself, follow me, join Nanxi village, and I'll help you monitor the market and answer questions in real-time!#solana $SOL
