Brothers, wake up! Has SOL's 'Golden Cross on Water' deceived you? Take a look at the volume—green bars turning into red bars, obviously shrinking. This is not a real breakthrough; it's clearly a trap to lure in buyers!
Technical Truth: The Rise is Already at Its Last Struggle
The current price is struggling around 123.4. Two big mountains above:
125 (Rebound pressure, if it can't stabilize here, all is in vain)
130 (Strong resistance, the average cost for whales is 130.19, and the trapped positions here are like a mountain)
Support below is precarious:
120 (First defense line, if it falls below here, short term turns bearish)
116 (Key support, breaking this will accelerate the decline)
110 (Ultimate defense line, it's only safe to bottom fish here)
Yijing perspective: Don't be fooled by the excitement of the golden cross; shrinking volume reveals the truth—buying power is lagging. Today's surge driven by US stocks could very well be a 'news-driven impulse' with questionable sustainability. I see a high probability of a pullback, the 125-130 area is the best spot for the main force to 'trap' investors!
Breaking news: A giant whale suffered huge losses; be careful of a chain reaction.
Major news: The whale with a position of 740 million in BTC, has a single SOL coin loss of 5.03 million and a total loss of 58.04 million! Average cost is 130.19, current price is 123.4—he is already trapped.
What does this mean?
The whale will either average down or might be forced to liquidate.
Once he chooses to liquidate, it will create selling pressure.
Around 130 has become the 'whale's cost zone', with significant pressure.
My judgment: The whale will not easily give up and may create a rebound in the 125-130 area to attract retail investors to follow along, while quietly reducing its position. If you follow, you may catch his trade.
Yijing advice: Two steps, don't get ahead of yourself.
Short-term players:
If there's a rebound to the 124.5-125.5 range, take a small short position, stop loss at 126.5.
Target first looks at 120-119, and if it reaches here, close the short and observe if it can stabilize.
Around 116, it may be a good time to take a small position for a rebound, but be quick in and out.
For medium-term investors:
Don't chase the price! Be patient and wait for a pullback.
Begin phased positioning in the 116-119 area (in 2 batches).
Focus on adding positions in the 110-112 area (3rd batch)
Yijing publishes three strategies daily in the village. If your position is not 5 million, please follow Yijing's real-time advice in the village to avoid liquidation risks. The current market is unpredictable, and each villager's position is different; please update based on the entry points published by Yijing in the village!
