Brothers, keep an eye on SOL's market, a phase bottom is forming, and there should be no fear at the moment. Although short-term bears still dominate, the market needs time to grind, but key signals have already appeared.
The strength of this decline has clearly weakened, showing multiple resistances where it can't drop further. This is a typical 'bottoming signal'. My personal judgment is that the big direction for this month will be 'pullback - accumulation - rebound'.
Market suggestions:
1. Cautious shorts: Even if the market experiences extreme volatility and hits a new low, the possibility of a trap for shorts is very high. Chasing shorts may lead to being caught before dawn. The current fluctuations can be understood as the short-selling forces taking profits while new bullish forces accumulate quietly. This is a process of transitioning between old and new momentum.
2. For spot traders, the current range is a good time to build positions in batches. Don't always think about buying at the lowest point; instead, accumulate in batches within this bottom area, range position 115-125.
Those with positions can start planning for additional purchases in the current area, while those with no positions can establish a small bottom position in batches.
Remember, markets are always born out of despair. The colder the market sentiment, the more we need to stay clear-headed, prepare well, and wait for the wind to come.
