Last Thursday night, SOL fell to 116.71, then rebounded to 128.74, but ultimately failed to surpass last Thursday's high of 129.00. This detail is actually crucial — it suggests that the top of the next swing trading may very well be capped at 129.00. As for the downside, once it breaks below the range of 120-116.26, the bottom is likely to appear between 112.65 and 111.25.
For the bulls, this data is worth a good look. Especially if suddenly pulled to the 130-134 range tonight or tomorrow night, the real short-term bottom is still locked at 116. In other words, a rapid surge does not equal a trend reversal; rather, it could be a signal for distribution.
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OnChainSleuth
· 12-25 04:57
129 this level is really a hurdle, three consecutive attempts to test it have failed, it feels like the market maker is playing psychological warfare
Once it rises to 130-134, start to be cautious, maybe the next second is a trap to ambush new retail investors
116 is the true bottom; if this wave drops again, we must hold this line well
A sharp rise ≠ a reversal; this logic is clear, bulls wake up
Breaking the 120-116 range basically means we are looking at 112-111, the probability is quite high
It looks a bit fierce, feels like there will be big moves later
No one can see through the rise before a dump, just waiting for the bagholders
This 129 hurdle, still hasn't been passed after all, interesting
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LidoStakeAddict
· 12-24 02:42
129 is stuck, this is trouble... it's another trapped rhythm, right?
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Pump to 130-134 and it's a dump? Dude, I've heard this trap N times, every time it's a precise shot at the bottom...
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116 is the bottom line, remember, don't get trapped in
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This data analysis... looks very authoritative, but who knows?🤔
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Every time they say it's stuck, it ends up hitting the limit up, it's really something
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Should I continue to hold or run now, guys?
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You want to reverse without standing above 129? The pattern is too small, bro
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As soon as the dump signal appears, the Cut Loss show will start again, I bet five bucks
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Bottom locked at 116, top at 129... there's about ten bucks of profit space in between, interesting
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Another "this time it's really different" game, why can't I believe it?
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GasFeeCryer
· 12-24 02:33
129.00 This hurdle is really hard to hold, it feels like institutions are testing.
The moment it pumped to over 130, I knew it was time to run, the tricks are all the same.
I remember this bottom at 116, if it breaks, it will head straight to 112.
This wave of long positions is a bit precarious, full of dump signs.
Rebound is an exit opportunity, don't think about any reversal.
Last Thursday night, SOL fell to 116.71, then rebounded to 128.74, but ultimately failed to surpass last Thursday's high of 129.00. This detail is actually crucial — it suggests that the top of the next swing trading may very well be capped at 129.00. As for the downside, once it breaks below the range of 120-116.26, the bottom is likely to appear between 112.65 and 111.25.
For the bulls, this data is worth a good look. Especially if suddenly pulled to the 130-134 range tonight or tomorrow night, the real short-term bottom is still locked at 116. In other words, a rapid surge does not equal a trend reversal; rather, it could be a signal for distribution.