SOL's recent move is quite interesting. It just broke through the previous resistance level, and now the question is whether it can hold steady. My idea is that if it really wants to go higher, the 161 level should be used as a stop-loss reference. In other words, a drop back to this point should raise caution.
From a technical perspective, this breakout is worth paying attention to. However, the market always likes to change direction, so caution is the key. The main thing to watch is whether the trading volume can keep up; only with volume-price confirmation can we verify the authenticity of this upward move.
Based on the current pace, if there are no significant negative factors, there should be room for further growth. But the prerequisite is not to fall below 161. Once this support is broken, it may be necessary to reassess the entire trend.
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HashBandit
· 8h ago
ngl sol's making moves but back in my mining days we'd call this a classic trap setup... volume's gotta confirm or this whole thing collapses at 161, that's when the real pain starts fr
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CryptoPunster
· 8h ago
161, this hurdle, either a ladder to the sky or a slide down, no middle ground
Stand firm and I’ll boast; fall through and I’ll shout even louder
SOL’s acting skills are even more convincing than my calmness when I was trading crypto
Mismatch between price and volume? That’s just the fake line dancing, let’s not step into the trap
Feels like we’re back at that point, making profit or loss all depends on market daddy’s mood
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0xDreamChaser
· 8h ago
This support level at 161 is really crucial; if it breaks, it's time to run.
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FOMOmonster
· 8h ago
Once 161 is broken, you have to run. This breakout doesn't feel as solid this time.
SOL's recent move is quite interesting. It just broke through the previous resistance level, and now the question is whether it can hold steady. My idea is that if it really wants to go higher, the 161 level should be used as a stop-loss reference. In other words, a drop back to this point should raise caution.
From a technical perspective, this breakout is worth paying attention to. However, the market always likes to change direction, so caution is the key. The main thing to watch is whether the trading volume can keep up; only with volume-price confirmation can we verify the authenticity of this upward move.
Based on the current pace, if there are no significant negative factors, there should be room for further growth. But the prerequisite is not to fall below 161. Once this support is broken, it may be necessary to reassess the entire trend.