#美SEC促进加密资产创新监管框架 SOL has been performing really well these past couple of days. Let’s see if any of you have hopped on and caught this wave of gains. From a technical perspective, it recently broke through to 136.91, so keep an eye on the 137 zone—there’s still some clear resistance there, so it’s important to watch out in the short term.
For those who are already in, if you want to play it safe, you might consider halving your position or locking in some profits now, since risk is building up at these levels. While the daily chart still shows upward momentum, there’s definitely selling pressure around 137, so we might see some back and forth from here.
Zooming out, the broader market is actually moving pretty aggressively. The hourly chart keeps climbing in a stepwise fashion, mainly because expectations for a US rate cut are heating up (there’s an important date in mid-December). The market has generally been speculating on the rate cut narrative lately, and before the cut actually happens, the trend is typically bullish—this is a traditional logic being mirrored in the crypto market.
$BTC $ETH What’s the play for these mainstream coins going forward? My approach is to consider going long on pullbacks, sticking with a buy-low, sell-high strategy. In this environment, I’ll keep looking for entry opportunities, since both the technicals and expectations look good. If anyone’s interested in diving deeper, we can definitely discuss more.
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TokenSleuth
· 14h ago
The hurdle of 137 is indeed not easy to break through, and I feel that the selling pressure is really fierce
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SeeYouInFourYears
· 21h ago
137 is really a tough barrier, SOL now feels like it's testing the ceiling.
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LazyDevMiner
· 12-08 09:41
The 137 mark is quite a tough hurdle; we have to hold it.
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DiamondHands
· 12-08 09:40
Can the 137 level be broken? It feels like the selling pressure is still pretty strong.
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NftMetaversePainter
· 12-08 09:37
actually, the algorithmic elegance of solana's price discovery mechanism at that 136.91 breakpoint... it's basically a generative pattern reflecting deeper blockchain primitives at work here. the topological implications of those resistance zones are fascinating from a computational aesthetics perspective, ngl
Reply0
GasFeeLady
· 12-08 09:31
honestly sol breaking 137 is just asking for another rug pull narrative lol... the gwei spike alone tells me retail fomo is peaking rn. ngl watching those sell walls like they're some kind of gas oracle prediction 🍿
Reply0
GasGuzzler
· 12-08 09:19
137 is indeed a tough level to break through. Feels like a pullback is needed to shake things out.
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CryptoTherapist
· 12-08 09:13
ngl the 137 resistance is giving major anxiety patterns rn... like we're all collectively holding our breath waiting for that breakout. have u noticed how ur portfolio reflects ur deepest fears about missing out? let's unpack that emotional volatility before u fomo into another position
#美SEC促进加密资产创新监管框架 SOL has been performing really well these past couple of days. Let’s see if any of you have hopped on and caught this wave of gains. From a technical perspective, it recently broke through to 136.91, so keep an eye on the 137 zone—there’s still some clear resistance there, so it’s important to watch out in the short term.
For those who are already in, if you want to play it safe, you might consider halving your position or locking in some profits now, since risk is building up at these levels. While the daily chart still shows upward momentum, there’s definitely selling pressure around 137, so we might see some back and forth from here.
Zooming out, the broader market is actually moving pretty aggressively. The hourly chart keeps climbing in a stepwise fashion, mainly because expectations for a US rate cut are heating up (there’s an important date in mid-December). The market has generally been speculating on the rate cut narrative lately, and before the cut actually happens, the trend is typically bullish—this is a traditional logic being mirrored in the crypto market.
$BTC $ETH What’s the play for these mainstream coins going forward? My approach is to consider going long on pullbacks, sticking with a buy-low, sell-high strategy. In this environment, I’ll keep looking for entry opportunities, since both the technicals and expectations look good. If anyone’s interested in diving deeper, we can definitely discuss more.