$SOL Last night, a stretch was quite good, and the whole market saw hope, with a peak of 144.9. The 144.87 short I mentioned in my post on December 8 was only 0.03 off, so I still caught it. Still, the same advice: take profits in batches, manage your stop losses well, and it's almost time to let go of short positions. For now, let's do long trades on the temporary pullback. Just by taking profits now, there’s already a profit of 7 points for the night. After all, the market situation is uncertain, and expectations for interest rate cuts and hikes are still present (different companies).
The profit from the short position of $SOL $SOL 146.45 is quite considerable, and tonight's needle is also very large. Everyone, please pay attention to safety. I mentioned on Friday that the trend for the weekend would be bearish, and it even dipped to around 127. It also reached the point I mentioned on Friday for the long position at 128.5. Unfortunately, I didn't get in at 126. Friends who want to secure profits can do so now, remember to take profits in batches. From Friday to today, both sides have had some gains. I won't say much more. The historical posts are still available. Tonight's order positions for short positions are 141.12/144.87/146.87/152.3. I will be happy when it reaches 152.3. Long position at 125.52/120/118/115 Good night.
$SOL Time really flies, it's the weekend. Assuming there are no major surprises, let's update this post on the weekend. Alright, less talk and let's get to the point: First, the conclusion is that it is currently not advisable to go long. The market is currently oscillating within a range, and the overall direction remains bearish. The trend has not reversed. From a multi-timeframe perspective: Weekly: EMA(5,10,30) is in a bearish arrangement (145.57, 161.28, 173.98), MACD is below the zero axis, green bars are shrinking, RSI(6) is only 30.48, the main trend is still in a long-term bearish pattern. After encountering absolute resistance at the weekly Bollinger middle band (186.40), it has pulled back. Daily: EMA(5,10,30) is clustering in the 138.29-140.62 area, and the price is testing the lower edge of this moving average cluster. MACD (DIF: 1.775, DEA: 1.869) is clustering above the zero axis, with a slight appearance of red bars (0.1878), indicating that the upward momentum at the daily level is exhausted, entering a critical change window. The daily Bollinger middle band at 138.44 is currently a key lifeline. 4-hour - Core period: EMA(5,10,30) is highly clustered at 139.60, 139.53, 139.78, and the price has fallen below this cluster. MACD (DIF: -0.1691) has crossed below DEA (-0.312) forming a death cross, with green bars (0.286) appearing, confirming the initiation of a short-term downtrend. The Bollinger bands have narrowed and opened downward (upper band 139.97, lower band 138.62). 1-hour: EMA is in a bearish arrangement (145.96, 161.50, 174.06), and the price is far below all moving averages. MACD (DIF: -8.4836) is at a deep level, with a huge green bar (-19.12), showing obvious characteristics of a main downtrend. 15-minute - Instant game: EMA is in a bearish arrangement (139.58, 140.02, 141.04), and the price is running along the lower Bollinger band (137.90). MACD is below the zero axis, with green bars slightly shortened (-0.6217), suggesting that short-term downward momentum may be diminishing, but the trend has not changed. Now let's look at the trading volume: Trading volume: 15-minute chart trading volume (40.84 million) is below the average volume (MA5: 57.71 million), indicating a declining volume during the drop, showing that the selling pressure during the decline is not a continuous panic, but buying pressure is weak.
Cumulative trading volume increment: The entire cycle is negative, and the absolute value is huge (15-minute: -8.54 million; 4-hour: -0.829 million; daily: -48.62 million). This is strong evidence of continuous active entry of bearish funds and continuous outflow of bullish funds, characterizing the current direction of market funds.
$SOL The current point is still the same as I said that day, so I won't update it. Just now the highest difference is less than 0. a few points, taking profits in batches, it's best to take what you can see and observe for now, no further updates. Shorts can only be taken for a short time. There is a high probability of a consolidation at a high level in the next few days, and since we are already here, we will definitely come back to break the short positions around 150 above.
$SOL Although there will still be speculation about the Federal Reserve's interest rate cuts, let's not forget that places where daily life is going well have recently been experiencing frequent issues. The reason for the rise yesterday was that at three in the morning, Trump provided positive news, which possibly signaled a preemptive pump. This led to a bit of a rise, causing a chain of short positions to get liquidated and prices to go up. During such times, one often needs to be cautious; the market may not reverse just like that. You can check my analysis from last night. If daily life intervenes and announces a rate hike, what do you think will happen? Don't be too optimistic; I even feel like I want to stop updating again. This market won't last much longer... In the end, I hope I am wrong.
$SOL The morning update is not made, the same as last night’s analysis, strong horizontal range 136-139, just pay attention to the subsequent points for observation, the same.
$SOL This wave of rebound is very strong and comfortable. Unfortunately, I reduced my position the day before yesterday, catching the last train, I guess. Alright, enough chit-chat, the price violently rebounded from the low of 123.05 to 141.50, completely overturning the original assumption of a '5-wave decline.' One reasonable explanation is that a complete five-wave decline drive wave (Wave 1) was completed from 171.87 to 121.02. What started from 121.02 is the first wave of a new upward cycle (or the X wave of a large-scale adjustment wave). Currently, the rise from 123.05 to 141.50 is the main upward wave 3, which is in its sub-wave operation, or has approached a short-term climax, which everyone should be cautious about. Then, from the perspective of daily time frame, the price has strongly broken through the previous downward center (134-128 area), which has switched from resistance to key support. The current upward momentum is very strong, but the 1-hour and 4-hour RSI have shown severe overbought conditions, so everyone should be alert to the potential pullback triggered by the divergence at this level. This rebound is accompanied by a huge trading volume (24H trading volume 3.8 billion), providing a solid funding base for the rebound. However, the cumulative volume increase at the daily level is still negative, indicating that the rise is mainly driven by short covering and existing funds in the market. Additionally, there is uncertainty about whether Trump's speech at three o'clock in the morning will result in the so-called 'insider guy' taking action or some mysterious address being tracked. From the current perspective, based on the plunge from 171.87 to 121.02, the rebound has strongly broken through the 0.382 level (134.50), with the next core resistance at the 0.5 position 146.45 and the 0.618 position 152.30. For short positions, pay attention to these levels, first 146.45, check if the daily MACD shows a red bar above the zero line, and whether market sentiment is extremely optimistic. Is it with volume or without volume? Wait until you have clarity before acting. At 152.3, observe whether the weekly KDJ forms a golden cross entering the overbought area and whether any good news appears. Besides the 146.45/152.3 levels I mentioned earlier, also pay attention to 156/160/165/172, which will be discussed later. For long positions, see if the daily can stabilize above the 30-day moving average of 132.73 at 133.5, at 131.5/128/124.5. After all, there will be various messages flying around soon. I still suggest that if you can avoid trading, do not trade. If you really need to set sleep orders, for short positions, pay more attention to 148.5/155, and for long positions, pay attention to 131.5/128/124.5. At this time, no matter how you chase it, it won't help; missing it is missing it. Controlling your hands and not opening positions, or finding a safe place to open is the right choice.
$SOL As of the time of posting, the current price is in the range of 127-128. From the K-line chart, it can be seen that the 1-hour level RSI has reached 70.4, and the 15-minute chart has surged to 73.91, both entering the overbought area. The funding rate has turned negative, indicating that the overall market is still in a bearish tendency. From the perspective of wave theory, the rebound that started from 123.05 is likely the A-wave rebound after the end of the 5-wave decline. Currently, this rebound is testing the key resistance level of 128-128.5. From the perspective of the Chan theory structure, the 4-hour level may be constructing a downward center, and 128.5 is the upper resistance level of the center. The volume aspect also supports this judgment; although the price has rebounded, the cumulative trading volume increment is still negative, and the active selling volume is significant, indicating that this rebound is mainly a short covering rather than new buying entering the market!! It is better to teach a person to fish than to give them fish. Here are a few points for everyone to observe with confidence: short at 128.3-128.8 (pressure from the previous low platform + Fibonacci 0.236 retracement + daily MA5 moving average suppression) and observe whether a top formation occurs on the 1-hour chart, whether the 4-hour MACD red bars expand again, with a stop loss at 129.8. For 130.5-131 (a densely packed strong pressure area of moving averages, dynamic pressure zone formed by the 10-day and 30-day moving averages descending, the extreme position of the wave theory A-wave rebound), stop loss at 132. Ah, the platform limits my word count, I’m too lazy to type. I’ll just give a few ranges for reference: 135.8-136.5, 138.5-139.5, 142-143, 147.5-148.5, all are short positions. Below, 124.2-124.8, 122.8-123.3, 117.5-118.5, 115-116, 111.5-112.5 are all long positions. Wishing everyone prosperity, find positions to observe entering the initial position and adding positions yourself. It’s tiring to post like this. Should I revert to the previous short posts for updates? Or do you all prefer to learn this way? In short, for those who want to go long, there is support near 124; pay more attention to around 121. You can enter an initial position at 124 and add near 121, with a stop loss at 118. It is not suitable to enter long now. If any news comes out, cancel immediately and hang at the positions I mentioned later. Once there is good news, hang at the short positions I mentioned; if there is bad news, hang at the long positions I mentioned. If there is no news, just observe as usual.
$SOL Yesterday, friends who followed my averaging strategy should have already made a profit. The averaging range was 122.8——124.5, and the lowest point reached was 123.05, which is still a bit different, but at least within the range. Be sure to reduce positions or close them in batches; we can't take risks recently. It's better to take a few points of profit, especially since the beautiful country is still in talks and we won't open new positions for now.
$SOL The current price can be long with a light position around 126-127, then补 at 124.5-122.8, aiming for 134-136 nearby. At night, place longs at 119.5/112/110, shorts at 138.2/144.5, further updates will follow, that's basically it for today.
$SOL 136.8/138.2 short position, stop loss 139 before 12 o'clock 124.5/122 long position stop loss 120 After 12 o'clock, long position 115.5/112 stop loss 110 144.5/148 short position
Specific details will be observed when there are fluctuations, meeting adjourned
The market for $SOL is still not good, many long positions are trapped. To make a long story short, looking at 140 for the afternoon session, as long as it stays above 140, we can expect to test 143/145/146, with the current maximum pressure at 150. So, at 142.98, we can take a small short position at 146 to see if it goes down. The main suggestion is still to short high, and low longs are not very recommended. I even see it going below 130. Pullbacks can be placed around 135, but it's getting late, and everyone understands.
$SOL arrived as I said near 141, set up cost protection, pay attention to safety, it was smashed like this yesterday, I think there is no so-called Black Friday today.
$SOL Long time no post, not for anything else, but every time in this kind of market, I am actually quite lazy to post. After all, if I say something wrong, everyone is just fighting against the market. Facing this kind of market, fighting against it is very dangerous, unlike before when it would at least come back in about a week. Today, we are watching to see if it can break 158.73; if it can't break, it will still go down. Up to now, there is no volume at all. Normally, 150 is a support level; as long as it doesn't break below 150, the market will be in a range and recover. But!! That damn phrase still stands, there's no volume! Looking below at 147.5/145/143.85/141 area, and if it goes further down, it could even be 138 or 120. We'll talk about that later. After all, I can't be the master of endless profits. Open a position of one percent, leverage it low, and then after it goes up, adjust the leverage higher and take a screenshot. Everyone sees it and says, wow, impressive profit percentage like this!
$SOL Observe 150/ Pending Order 140, Stop Loss 129, Don't panic, there is still hope, 155 I think it might not hold, the entire square is watching 155, it's probably difficult.