#ETH巨鲸增持 SOL has recently been ranging between 135-140, and as the market cooled down, long positions were directly stomped by stop loss. Coupled with a withdrawal of 89.21 million in funds, the price broke through the lower band of the Bollinger Bands, hitting a low of 127.
The trading volume has indeed increased now, with a transaction volume of 19.56 million indicating that most of the necessary cuts have been made. However, the price is still languishing below the lower band of the Bollinger Bands, and the short-term bearish sentiment has not yet dissipated.
If it rebounds to around 130-131, you can try a small position to go short, placing the stop loss above 132 for protection. The target area to watch is whether the 128-127.5 range can hold. $BTC $ETH
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.
16 Likes
Reward
16
6
Repost
Share
Comment
0/400
AirdropHunterZhang
· 9h ago
Oh no, it's the same old trap of playing people for suckers again, that cut loss at 127 was really brutal, the feeling of stop loss orders flying everywhere.
View OriginalReply0
PortfolioAlert
· 16h ago
Short positions have not dispersed yet, we still need to see if 127 can hold. If it can't hold, it will break directly.
View OriginalReply0
GasFeeVictim
· 16h ago
This wave of sol is really tragic, how many people died around 127... now it's still hovering at the lower band, it feels like the short positions haven't had enough.
View OriginalReply0
EntryPositionAnalyst
· 16h ago
Once again, people are trapped. This round of SOL's rebound is truly a sickle harvesting machine; that drop to 127 was really brutal. However, speaking of which, the increase in volume is a good signal, right? It shows that the power to buy the dip is still there...
View OriginalReply0
MidsommarWallet
· 16h ago
Damn, it's another stop loss panic scenario. Those who should have sold have already sold, and they're still dragging it out. The key is whether 127 can hold.
#ETH巨鲸增持 SOL has recently been ranging between 135-140, and as the market cooled down, long positions were directly stomped by stop loss. Coupled with a withdrawal of 89.21 million in funds, the price broke through the lower band of the Bollinger Bands, hitting a low of 127.
The trading volume has indeed increased now, with a transaction volume of 19.56 million indicating that most of the necessary cuts have been made. However, the price is still languishing below the lower band of the Bollinger Bands, and the short-term bearish sentiment has not yet dissipated.
If it rebounds to around 130-131, you can try a small position to go short, placing the stop loss above 132 for protection. The target area to watch is whether the 128-127.5 range can hold. $BTC $ETH