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From a 4-hour perspective, after this wave of SOL surging up and hitting highs, it has clearly turned weaker,
What it’s doing now is high-level consolidation with a slightly bearish rhythm.
It gets pushed down as soon as it rises, and it still can’t break through the upper band.
The price is hovering near the middle band of the Bollinger Bands—what does that mean?
The bullish momentum has already been used up about enough; it has no follow-through.
This kind of sideways movement at high levels, in essence, is gradually giving bears a chance to enter.
If the short-term grinding continues like this,
the more overhead positions pile up, the more likely it is that later there will be a wave of concentrated liquidation.
So the thinking is very simple:
just short on pullbacks when you find the right spot.
Reference levels:
Short in the 85—88 range
First watch 81—80
If it breaks down, keep looking at 78
One sentence:
If it can’t move up, that’s weakness; high-level sideways consolidation most likely means it’s going down.#Gate现货衍生品双双冲进全球前三 #Meta推出AI模型MuseSpark #Canary提交现货PEPEET申请 $BTC $SOL