🚨SOL broke directly below the rising trend line of the symmetrical triangle on November 3, indicating the end of the uncertain phase of consolidation, and short positions have officially taken control of the steering wheel💣.

📉 From a technical perspective, the target level is very clear now - SOL is likely to test the strong support at 155 USD. If it holds there, the bulls may catch a breath, but be careful, a rebound might encounter a second round of short positions pressure near the 20-day moving average (188 USD). If it gets pushed back from there, the price could continue to slide down to 137 USD, which poses a significant risk.

💪 But don't forget, the market is never a one-way street. If SOL can directly rise from the current price or around $155, it indicates that buyers are starting to enter at lower levels 🔥. Once it breaks through the 20-day moving average, bulls may reverse and launch an attack on the upper resistance line.

Summary:

👉 Fall below the trend line = short positions control

👉 Holding 155 = Hope for bull reversal

👉 Breaking above the 20-day moving average = rebound confirmation signal
#SOL