#ETH巨鲸增持 SOL plummeted this morning following the market, directly dropping from 137 to the key support level of 127. Although it has stabilized around 128 now, just look at the technicals— the price has been hovering around the lower band of the Bollinger Bands, what does this indicate? The buying pressure is simply unable to hold, and there is significant resistance above. Rebound? There is basically no strength.

My view is clear: continue to be bearish on rallies. If the price rebounds to the 129-130 range, consider positioning for short orders, targeting 125 first, and if that breaks, aim for 122. When market sentiment is weak, going with the trend is more cost-effective than resisting.

$SOL $ETH $XRP

ETH7.6%

SOL9%

XRP6.26%

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FromMinerToFarmer

· 9h ago

I agree that the Bollinger Bands are hovering near the lower band, but a short order layout at 129-130? I think we need to see more; there are many traps in this recent rebound.

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LiquidationTherapist

· 12-01 03:18

The sol is indeed weak this time, the Bollinger Bands are tightly constraining it, and I am also bearish.

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GameFiCritic

· 12-01 03:17

What does it mean when the lower band of the Bollinger Bands is hovering? It indicates that the sustainability of this round of sell with bearish market is questionable. It is a fact that buying pressure can't hold, but whether the strength of the breakdown is sufficient depends on whether the subsequent Trading Volume can support the target level.

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UnluckyValidator

· 12-01 03:16

Is 127 the bottom? Why do I feel like it still has to fall further? The lower band of the Bollinger Bands is struggling, and there is indeed no buying power. Short order set up at 129, just waiting to see if this rebound is real or not. Only breaking 122 counts as the end of the matter, right? Going with the trend and shorting is the way to survive.

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RektCoaster

· 12-01 03:12

I have seen this tactic of hovering around the lower band of the Bollinger Bands; it's always a signal to Be Played for Suckers.

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liquiditea_sipper

· 12-01 02:57

The drop of SOL is really severe, it didn't even hold at 127, it seems that no one is buying the dip.

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