SOL's recent market movement belongs to the type where the price surged too quickly and aggressively in the early stage. Although it hit a new high, it’s evident that the bulls are starting to show signs of fatigue—after the price pulls back, it enters a range of high-level fluctuations, showing a generally weak pattern. Currently, the coin price is oscillating back and forth around the central zone, indicating that buying enthusiasm is noticeably less than before.
Based on this judgment, my trading approach is very straightforward—only take short positions at high levels.
Specifically, the 125 to 128 range is a resistance level during the rebound, where selling pressure is likely to be encountered. The closer the entry point is to the upper edge of this range, the higher the probability of success. For entry, set the stop-loss at 131, so risk management is clearer.
The downward target is viewed in two stages: the first target is 118, and if the level breaks, it can continue downward toward around 112.
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DegenTherapist
· 12-27 02:52
Entering short at 128 is fine, just worried about another reverse dump.
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BlockTalk
· 12-27 02:51
If it rises too quickly, it has to be smashed. This rule never fails. 125-128 is that threshold, waiting to be broken through.
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GateUser-c802f0e8
· 12-27 02:42
Rising too aggressively can be even more dangerous. This wave, SOL is indeed a bit weak. I'm also watching the 125-128 level, but I feel like we should wait a bit longer.
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NFTRegretter
· 12-27 02:42
Are we going to run out of SOL again and again? Can it really break 118 this time? Last time, I said the same thing, and it rebounded.
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ser_ngmi
· 12-27 02:32
This wave of SOL has really gone too far up; now it's a feast for the bears.
SOL's recent market movement belongs to the type where the price surged too quickly and aggressively in the early stage. Although it hit a new high, it’s evident that the bulls are starting to show signs of fatigue—after the price pulls back, it enters a range of high-level fluctuations, showing a generally weak pattern. Currently, the coin price is oscillating back and forth around the central zone, indicating that buying enthusiasm is noticeably less than before.
Based on this judgment, my trading approach is very straightforward—only take short positions at high levels.
Specifically, the 125 to 128 range is a resistance level during the rebound, where selling pressure is likely to be encountered. The closer the entry point is to the upper edge of this range, the higher the probability of success. For entry, set the stop-loss at 131, so risk management is clearer.
The downward target is viewed in two stages: the first target is 118, and if the level breaks, it can continue downward toward around 112.