#Gate广场圣诞送温暖 Brothers, keep an eye on the market data of SOL, a phased bottom is forming, there should be no fear at present, although short-term short positions still dominate, the market data still needs time to grind, but key signals have already appeared.
The force of this decline has clearly weakened, with multiple instances of resistance preventing further drops. This is a typical "bottoming sign". Personally, I believe that the overall direction this month will follow the script of "pullback - accumulation - rebound."
Market Outlook Suggestion:
1. Cautious short: Even if the market data experiences extreme fluctuations and hits a new low, the possibility of it being a trap for short positions is very high, and chasing shorts may very likely lead to being trapped just before dawn. The current oscillation can be understood as the short positions taking profits while new bullish forces are secretly accumulating, which is a process of transition between old and new momentum.
2. For spot traders, the current range is a good opportunity to gradually build positions. Don't always think about buying at the lowest point, but rather accumulate in batches within this bottom area, range position 115-125.
If you have positions, you can start planning for additional purchases in the current area. If you are in short positions, you can build a small base position in batches.
Remember, the market is always born out of despair. The colder the market sentiment, the clearer we must remain, be prepared, and wait for the wind to come.
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#Gate广场圣诞送温暖 Brothers, keep an eye on the market data of SOL, a phased bottom is forming, there should be no fear at present, although short-term short positions still dominate, the market data still needs time to grind, but key signals have already appeared.
The force of this decline has clearly weakened, with multiple instances of resistance preventing further drops. This is a typical "bottoming sign". Personally, I believe that the overall direction this month will follow the script of "pullback - accumulation - rebound."
Market Outlook Suggestion:
1. Cautious short: Even if the market data experiences extreme fluctuations and hits a new low, the possibility of it being a trap for short positions is very high, and chasing shorts may very likely lead to being trapped just before dawn. The current oscillation can be understood as the short positions taking profits while new bullish forces are secretly accumulating, which is a process of transition between old and new momentum.
2. For spot traders, the current range is a good opportunity to gradually build positions. Don't always think about buying at the lowest point, but rather accumulate in batches within this bottom area, range position 115-125.
If you have positions, you can start planning for additional purchases in the current area. If you are in short positions, you can build a small base position in batches.
Remember, the market is always born out of despair. The colder the market sentiment, the clearer we must remain, be prepared, and wait for the wind to come.