“SOL precise short selling harvest!!! Wallets are full, and I'll show you how to reap the benefits.”
The SOL market has recently experienced a significant pullback, with increased trading volume indicating clear signs of a washout, and the trend further weakening. Technical indicators across various cycles are synchronously weakening, leading to a cautious short-term market sentiment. Specifically, the increasing selling pressure has caused the bullish momentum to decline rapidly, with the divergence between trading volume and price highlighting the current weak market structure.
The technical aspects further reinforce the signals favoring bears: in the MACD indicator, the DIF and DEA have clearly formed a high-level death cross, with green bars continuously expanding, indicating a gradual strengthening of bearish forces and an increased probability of a short-term market downturn.
These technical characteristics usually imply that the bearish trend might continue, and investors should pay attention to the effectiveness of key support levels while maintaining awareness of risk control. Will there be a deeper bottoming out, or the starting point for a new round of bullish-bearish battles? All of this is worth close attention.
The market is ever-changing, with opportunities and risks coexisting! Follow Mr. Qiu to gain insights into the logic behind the market movements and become a wise decision-maker.
