#ETH巨鲸增持 This SOL rebound looks pretty strong, right? But in reality, it's already been pushed back three times at the $141-$144 level. Why is it so hard to break through? There are two main reasons: first, this is the previous rebound high; second, it's being suppressed by the 20-day moving average. What's even worse is that the trading volume for this rebound has shrunk by 37% compared to the previous high—a classic case of a volume-less rally, so it's inevitable that the price can't keep rising.
This kind of movement is basically a freebie for bears. My view is: consider shorting SOL near $141-$143, set a stop-loss above $145, and target $136. If price and volume don't align, a technical reversal is very unlikely.
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
13 Likes
Reward
13
4
Repost
Share
Comment
0/400
BearMarketBard
· 12-04 05:30
Rejected three times and still trying to cling on—Is SOL trying to test our patience?
View OriginalReply0
AirdropHermit
· 12-03 12:51
Trading volume shrank by 37% and you still expect a breakout? What a joke, this is just a false prosperity.
View OriginalReply0
WhaleStalker
· 12-03 12:47
Three volume-less rebounds have been pushed back; this time it really can't break through.
SOL is stuck at 141 again, with volume shrinking by 37%. How can it possibly go up like this?
141-143 is an easy money range for the bears, and I’m also optimistic about the 136 target.
View OriginalReply0
SmartMoneyWallet
· 12-03 12:29
Still not waking up after getting hit three times in the 141-144 range? Trading volume has shrunk by 37%. What else do you want me to say? The funds simply haven't entered the market, bro.
#ETH巨鲸增持 This SOL rebound looks pretty strong, right? But in reality, it's already been pushed back three times at the $141-$144 level. Why is it so hard to break through? There are two main reasons: first, this is the previous rebound high; second, it's being suppressed by the 20-day moving average. What's even worse is that the trading volume for this rebound has shrunk by 37% compared to the previous high—a classic case of a volume-less rally, so it's inevitable that the price can't keep rising.
This kind of movement is basically a freebie for bears. My view is: consider shorting SOL near $141-$143, set a stop-loss above $145, and target $136. If price and volume don't align, a technical reversal is very unlikely.