From the market perspective, SOL's current trend is very tangled. The weekly chart has already shown a clear top structure, with MA5/MA10 death crosses pointing downward, indicating huge pressure from trapped positions above. 💡 Core logic sharing: Support level battle: 116.7 USDT is the heart of this wave of market. If it cannot hold here, the downward space will directly see the 100 mark. Bullish and bearish ratio hint: Currently, retail traders' long-short ratio is relatively high. At such times, a "deep squat" to clear leverage is often needed. My strategy: I personally do not recommend blindly bottom-fishing at this position. The current market is more suitable for "shorting on rallies." I have already set up a short order around 125, targeting directly at 100. Contract traders attention: Now is not the time to fight for multiples, but to fight for survival ability. 👇 Do you think SOL will fall below three digits next month? Tell me in the comments, let's watch together. #SOL Binance Square #合约策略 Market Analysis #加密市场小幅回暖
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.
Many people are asking if SOL can still be held?
From the market perspective, SOL's current trend is very tangled. The weekly chart has already shown a clear top structure, with MA5/MA10 death crosses pointing downward, indicating huge pressure from trapped positions above.
💡 Core logic sharing:
Support level battle: 116.7 USDT is the heart of this wave of market. If it cannot hold here, the downward space will directly see the 100 mark.
Bullish and bearish ratio hint: Currently, retail traders' long-short ratio is relatively high. At such times, a "deep squat" to clear leverage is often needed.
My strategy: I personally do not recommend blindly bottom-fishing at this position. The current market is more suitable for "shorting on rallies." I have already set up a short order around 125, targeting directly at 100.
Contract traders attention: Now is not the time to fight for multiples, but to fight for survival ability.
👇 Do you think SOL will fall below three digits next month? Tell me in the comments, let's watch together.
#SOL Binance Square #合约策略 Market Analysis #加密市场小幅回暖