Looking at the 15m chart, the spikes down to the $124.5 area have the sole purpose of "shaking the weak hands." The market is testing the ultimate limit of endurance for those who have stubbornly held on for the past week. A few short-term red candles are causing people to fear a new collapse and rush to exit right at the key accumulation area.
In reality, the buying force below remains extremely fierce, ready to absorb all panic selling orders. The thinning liquidity is evidence that the supply pressure has completely run out. These uncomfortable fluctuations are meant to lighten the load before entering a strong breakout towards $155-165 by the end of the month. The real gift is only for those who can keep a cool head.
SOLUSDT
Perp
124.02
-1.37%