【$SOL Signal】Hold off on opening positions until decline momentum is confirmed to exhaust
$SOL enters a cooling phase after a volume surge downward, with a -7.93% drop accompanied by 5343M in massive volume. It is necessary to observe whether this is panic selling or a liquidation caused by long positions being wiped out.
🎯 Direction: Hold off on opening positions
Price action shows strong bearish momentum, but large declines are often followed by short-term rebounds or consolidations. Currently, there are no clear signs of buy absorption or structural support. It is important to wait for micro-behavior in key areas (such as 88-90 USDT) to confirm whether selling pressure has exhausted. Blindly bottom-fishing carries high risk.
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
【$SOL Signal】Hold off on opening positions until decline momentum is confirmed to exhaust
$SOL enters a cooling phase after a volume surge downward, with a -7.93% drop accompanied by 5343M in massive volume. It is necessary to observe whether this is panic selling or a liquidation caused by long positions being wiped out.
🎯 Direction: Hold off on opening positions
Price action shows strong bearish momentum, but large declines are often followed by short-term rebounds or consolidations. Currently, there are no clear signs of buy absorption or structural support. It is important to wait for micro-behavior in key areas (such as 88-90 USDT) to confirm whether selling pressure has exhausted. Blindly bottom-fishing carries high risk.
Trade 👇 $SOL
here
---
Follow me: Get more real-time analysis and insights on the crypto market!
#Gate广场创作者新春激励
#Is the current market bottoming or just waiting?