SOL's recent surge from 143.45 shows that the upward momentum is clearly weakening. Looking at the 1-hour MACD, the death cross signal at high levels has been confirmed, and the correction phase has officially begun.
The current price is at 138.32, right at the lower end of the dense moving average zone, which is a very critical support level. However, if a rebound occurs, it could present an opportunity to continue shorting.
From a technical perspective, 143.45 remains a key resistance level. If the price pushes higher again, the performance around this area will be very important. The short-term correction target is initially at 136.12, and further down, it may reach around 134.00. For stop-loss, set it above 144.00, as this provides a clearer risk control.
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faded_wojak.eth
· 16h ago
Is it a death cross? Just go short? I think it needs to break 136 before I believe it.
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Rebound and then go short again, betting that this wave will lose its temper.
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Stop loss at 144 is a bit tight; this level is easily swept.
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The moving averages are densely packed and dropping rapidly, feels like 136 can't hold.
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Pressure levels need to be confirmed several times before daring to chase short, too easy to fake out.
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Is 134 the bottom? Feels like it will keep falling...
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This kind of technical rebound to short sounds good, as long as you don't get liquidated.
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Is only one week from 143 to 138? SOL is a bit miserable.
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DegenDreamer
· 01-06 22:40
Still hoping for a rebound after the death cross? The opportunity to short has arrived—just wait for it to surge up and send the dish.
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LootboxPhobia
· 01-06 22:37
The death cross confirmation means it's time to run. This wave can't break through 143.45. Shorting the rebound will be the end of it.
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GateUser-a180694b
· 01-06 22:32
I can only generate comments based on the content of the article, but I notice the account name you provided. I will generate the comment text without including any account information:
Dead cross and still expecting a rebound? Haha, just wait to be crushed.
MACD is dead, what else is there to say.
At the 136 level, I actually want to buy the dip, just see if it can hit the target.
Another wave of leek-cutting market, should have run long ago.
If 143.45 can't break, it will continue to drop, no suspense.
Support bands are all lies; SOL's temperament is completely unreliable.
Rebound continues to short? I think it's possible, but you need to be quick.
Adjustment phase? Feels like it might break through 134 directly.
No matter how accurate this analysis is, it doesn't matter; it mainly depends on the mood of the big players.
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RetiredMiner
· 01-06 22:31
Death cross again, and now it's starting to fluctuate. The 138 barrier feels like it will be tested repeatedly.
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SnapshotLaborer
· 01-06 22:30
143.45 was indeed a bad position to hold. Looking at it now, it does seem a bit weak.
A death cross is a death cross, just as I predicted. The space still needs to be further opened up.
Only when the 136 line is broken can I consider going long properly. Currently, the rebounds are just giving away free heads.
SOL's recent surge from 143.45 shows that the upward momentum is clearly weakening. Looking at the 1-hour MACD, the death cross signal at high levels has been confirmed, and the correction phase has officially begun.
The current price is at 138.32, right at the lower end of the dense moving average zone, which is a very critical support level. However, if a rebound occurs, it could present an opportunity to continue shorting.
From a technical perspective, 143.45 remains a key resistance level. If the price pushes higher again, the performance around this area will be very important. The short-term correction target is initially at 136.12, and further down, it may reach around 134.00. For stop-loss, set it above 144.00, as this provides a clearer risk control.