The recent market trend has demonstrated a classic technical analysis logic. Last Friday, SOL was initially at a resistance level of 126.4, but after a successful breakout, it immediately turned into a support level. Have you noticed this transition?
ETH is also replicating a similar story. It repeatedly oscillated around the 2930 price level, eventually pushing upward to the new resistance zone of 3015-3020. The pattern of these two lines is actually the same—break resistance and then turn it into support, followed by further upward movement.
Looking at the common points of these two assets, can you summarize what logic they follow? The market's subsequent direction should still be around the daily MA50. There's a saying: the opportunities that are meant to come will come eventually, it's just a matter of time.
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liquidation_surfer
· 22h ago
When resistance levels are broken, they turn into support. This trick works every time... The question is, when will it drop again?
Once ETH breaks a new high, I'm going all in. Anyway, I have a strong gambling spirit.
Can the MA50 really hold? It feels like another fake breakout.
This wave of SOL feels a bit weak; the trading volume can't keep up, brother.
Turning resistance into support sounds great, but in actual operation, it's still easy to get your fingers smashed.
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rekt_but_vibing
· 22h ago
The idea that support turns into resistance has been heard too many times; I'm just afraid it might reverse someday.
SOL and ETH are both dancing, just trying to see who will break below 126.4 and 2930 first.
The MA50 line feels like a psychological comfort; anyway, I refuse to move my position.
If this wave of market truly follows what he's saying, I’ll eat dirt. But if it doesn’t? I’ll eat even more dirt.
No matter how classic the technical analysis logic is, it can't withstand a single piece of bad news. I’ve experienced this deeply.
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OnchainDetective
· 22h ago
According to on-chain data, this logic is actually just the market manipulators repeatedly accumulating. SOL broke below 126.4, ETH oscillated around 2930, and the obvious fund correlation—doing the same tactics within the same time window—this is no coincidence. The wallets involved in this manipulation have already been identified, and tracking through multiple addresses shows that the fund flow is perfectly aligned, a typical variant of wash trading techniques.
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BridgeTrustFund
· 22h ago
The routine of turning pressure into support, I've seen through it long ago, just waiting for when it will really crash down.
This wave of SOL and ETH does look a bit similar, but don't just focus on the MA50; I'm more concerned about whether the trading volume can cooperate.
The opportunity that was supposed to come... well, actually, it's more like the cut-losses came first, haha.
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GasWastingMaximalist
· 22h ago
Playing the routine of turning resistance into support has become boring; just waiting for the next black swan to hit.
The recent market trend has demonstrated a classic technical analysis logic. Last Friday, SOL was initially at a resistance level of 126.4, but after a successful breakout, it immediately turned into a support level. Have you noticed this transition?
ETH is also replicating a similar story. It repeatedly oscillated around the 2930 price level, eventually pushing upward to the new resistance zone of 3015-3020. The pattern of these two lines is actually the same—break resistance and then turn it into support, followed by further upward movement.
Looking at the common points of these two assets, can you summarize what logic they follow? The market's subsequent direction should still be around the daily MA50. There's a saying: the opportunities that are meant to come will come eventually, it's just a matter of time.