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On the afternoon of November 6th, observe the $SOL trend.
SOL rebounded along with the broader market this time, but the 4-hour chart has already shown signs of deterioration. The price broke below the MA5 and MA20 moving averages, which are now starting to converge and may form a death cross. Short-term upward momentum is clearly lacking, and the correction pressure is becoming more evident.
Looking at the MACD, after a high-level death cross, the green bars have been continuously expanding. The KDJ indicator has also dropped below the oversold zone. Several indicators are signaling a bearish trend, so this rebound could actually present a short-selling opportunity.
Strategically, consider shorting in the 165-170 range, with initial targets at 150 and then 145. Be sure to control your position size and set appropriate stop-loss levels.