Hello everyone, I am Qi He. Watching the K-line chart every day is as thrilling as watching a suspense drama! The market for SOL is like a roller coaster; just a moment ago, it was still rising on the hourly chart, but the MACD suddenly showed a 'death cross'. Adding to that, there’s news of a giant whale selling 32,000 SOL for a loss of over 2 million. Many fans ask me: 'Qi He, will SOL rush to 137? Or drop to 120? What should I do?' Don’t worry, today I will break it down in plain language, combining the hard facts in the images.
News aspect: Whale selling, is it a warning or a smokescreen?
A certain whale sold 32,000 SOL, incurring a loss of 2.04 million dollars! But this guy did something similar two years ago; selling early meant missing out on a surge and losing over 80 million. What does this tell us? Whales are not gods; they may act chaotically out of panic or to cash out. Qi He believes this sell-off could trigger a following trend, increasing short-term selling pressure. However, looking at the long term, SOL's fundamentals are not bad, and the whale's mistake might actually be our opportunity.
Technical aspect: There is a hidden risk of pullback under the upward trend!
The overall hourly K-line of SOL is rising, with the current price at $130.11. There is a resistance level at 137 and a high-pressure line at 145. Below, 130 is a key level, and 120 is strong support. It's like climbing a mountain to a halfway point, with a steep slope ahead and a cliff behind. Charging up feels great, but falling down is terrible! The key point is that this often signals a short-term pullback. Coupled with a decline in trading volume, it indicates that although there are many buyers, profit-takers are fleeing.
Qi He’s personal view: There’s a high probability of fluctuation tonight, but dawn is ahead!
Qi He believes that SOL may pull back to the 130-128 range in the short term, but if the Federal Reserve's news eases, there is still potential to rise to 137. The key is whether 130 can hold. If it holds, a rebound is expected; if it doesn’t, be cautious of 120. In short, the market is like the weather, unpredictable, but as long as we have a plan, we won’t panic.
Operation suggestion:
Don't chase the highs, wait for a pullback: The current price is close to a resistance level, impulsively chasing the rise can lead to being trapped.
Qi He suggests that if it stabilizes around 130, you can try a small long position; if it breaks 130, then wait and act when it reaches the 120 support level.
Set a stop-loss to control risks: For example, set a stop-loss at 130.5 to minimize losses and protect your principal.
Remember, trading cryptocurrencies is not gambling; discipline is more important than luck!
Learn from the lessons of the whales and don’t follow blindly: The whale sold at a loss due to short-term thinking. We need to be 'smart money' by combining technical analysis and news, and strategically position ourselves. For instance, if the MACD death cross intensifies tonight, reduce your position first and wait for stronger signals to re-enter.
Why do whales always make mistakes at critical moments? In fact, there’s a 'counter-human strategy' that all players can learn. If you want to know more, follow Qi He, and I will quietly tell you next time! I am Qi He, focusing on real analysis in the crypto circle. Click to follow, and I will help you avoid pitfalls and make money!
Remember, Qi He doesn’t deal in fluff. What you want is practical advice that is 'understandable and profitable', and what I want is to help you avoid pitfalls and seize opportunities.
