From a technical perspective, BNB, SOL, and LTC are all looking rather bearish at the moment.
BNB is showing weakness on the 1-hour chart. The rebound lacks momentum, each high is lower than the previous one, and a bearish engulfing candlestick pattern has appeared, with trading volume also shrinking. If it breaks below the key support level, there will be more room for a drop. You can watch for short opportunities in the 905 to 895 range, with targets at 885, 875, and 865.
SOL is in a similar situation, leaning bearish. You might consider entering a short position in the 140 to 134 range, with targets at 128, 122, and 116.
For LTC, the 84 to 82 range is a good entry point for shorts, with targets at 80, 78, and 76.
Currently, bears have a clear advantage in the market, and there are no signs of a trend reversal yet. In terms of strategy, it’s advisable to focus on shorting at the highs and wait for a rebound before entering for a more secure approach.
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ApeWithNoChain
· 13h ago
All the dip buyers are getting impulsive.
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VirtualRichDream
· 13h ago
The airdrop is coming in fiercely.
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DegenWhisperer
· 13h ago
Even when bearish, you still need to watch your positions.
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MetaEggplant
· 13h ago
The bears have shown their fangs.
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MemeEchoer
· 13h ago
Short positions will definitely be liquidated, taking a lot of long positions.
From a technical perspective, BNB, SOL, and LTC are all looking rather bearish at the moment.
BNB is showing weakness on the 1-hour chart. The rebound lacks momentum, each high is lower than the previous one, and a bearish engulfing candlestick pattern has appeared, with trading volume also shrinking. If it breaks below the key support level, there will be more room for a drop. You can watch for short opportunities in the 905 to 895 range, with targets at 885, 875, and 865.
SOL is in a similar situation, leaning bearish. You might consider entering a short position in the 140 to 134 range, with targets at 128, 122, and 116.
For LTC, the 84 to 82 range is a good entry point for shorts, with targets at 80, 78, and 76.
Currently, bears have a clear advantage in the market, and there are no signs of a trend reversal yet. In terms of strategy, it’s advisable to focus on shorting at the highs and wait for a rebound before entering for a more secure approach.