Attention! Something big has happened on SOL's 1-hour chart! After the Federal Reserve's 'hawkish rate cut' last night, the market not only did not follow, but SOL also broke below the critical bullish-bearish dividing line at 131 first, and is now sliding towards the 125 support level! Is this going to start a major decline mode or a violent washout? I am Xinying, and today I will directly help you understand the killing opportunities and life chances behind SOL, pointing the way for all players!
The technical situation has deteriorated: death cross established, abnormal volume!
From the 1-hour chart, SOL closed at 131.08, having lost the 131 bullish-bearish dividing line, making the situation very passive. More dangerously: the MACD yellow and white lines have turned from a golden cross to a death cross below the zero axis, and the volume has suddenly surged, which is a typical signal of 'increased volume drop'! The RSI has entered the oversold zone, indicating extremely high short-term selling pressure. The upper resistance zone of 135-140 has become a heavy pressure zone, and if the 125 support breaks again, the next target may be 121!
Continuation of negative news: Interest rate cuts turn into a psychological burden for the market!
Although the Federal Reserve cut interest rates last night, internal divisions have intensified, and the statement's wording has become hawkish, the market interprets this as 'future policy uncertainty has greatly increased.' In this context, funds tend to avoid risks or watch from the sidelines, high-risk assets like SOL are more likely to be sold off first. It does not drop independently, but has become a 'bleeding point' for liquidity amidst macro concerns!
Xin Ying's views and retail investor response strategies:
I believe SOL has weakened in the short term, 125 is a key defense level, if it breaks with volume, it is very likely to quickly test near 121. However, sharp declines are often accompanied by rebounds, the key lies in the rhythm:
Three life-saving tips for SOL players and beginners:
For those holding positions: Reduce positions on rebounds, absolutely do not hold onto losing trades!
If the position is heavy, reduce some positions when the rebound approaches the 131-132 pressure zone, to protect the principal first.
Strictly set stop-loss, for example, if it drops below 125 in the last hour of trading, decisively exit to avoid deep losses.
For those in cash: Better to miss out than to make a mistake!
Do not easily bottom-fish before obvious signs of a stop in decline appear (such as long lower shadows + reduced volume).
If you really want to layout, it must be done in batches, and the first position should not exceed 20% of the plan.
Observers: Watch two signals closely!
Reversal signal: Can the 1-hour chart recover above 131 and stabilize?
Volume-price matching: Does the rebound bring volume, does the decline reduce volume?
Xin Ying reminds:
If you are currently unsure whether to cut SOL, whether to enter, or want to seize the starting point of the next rebound, do not operate based on feelings! I have sorted out the key entry price, stop-loss targets, and position plans for SOL, including 'what positions can be tentatively bottom-fished' and 'what positions must stop-loss.'#加密市场反弹
The truth in the cryptocurrency world is: there are no gods, only traders who can read signals. Xin Ying does not package, does not promise, only teaches you how to make money. Follow Xin Ying, come to Xin Ying Town to see daily position sharing, learning combined with practice, can truly transform. Complete the magnificent transformation from novice to expert.$SOL
