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Don't remind me again today

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.
SOL1.73%
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LongTermDreamervip
· 11-09 03:55
Whether there is a Rebound or not, three years later it will all be Floor Price.
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LightningAllInHerovip
· 11-08 22:53
This is too miserable, Cut Loss first to get some relief.
View OriginalReply0
GasGasGasBrovip
· 11-08 21:52
I haven't guessed a single stock right, I've lost a ton.
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MetaverseVagabondvip
· 11-06 08:39
Bitcoin is leading the decline; maybe a dip will be enough to buy back in and make some gains.
View OriginalReply0
HashBardvip
· 11-06 08:34
sol's death dance begins... poetic how the ma lines tangle like tragic lovers before the cross
Reply0
OldLeekConfessionvip
· 11-06 08:27
Completely cut down and wiped out, left numb from the drop.
View OriginalReply0
TideRecedervip
· 11-06 08:22
Are you still holding or cutting your losses after buying the dip and getting trapped?
View OriginalReply0
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