The recent market movement of SOL has become quite obvious. The overnight bottoming was just a quick rebound driven by sentiment, and just as the bulls pushed the price to 132, it was hammered back down, leaving no chance to even catch a breath. Now it’s fluctuating around 130, seemingly stabilizing, but in reality, it’s just the calm before the storm of a decline.
The four-hour chart is clear at a glance. The Bollinger Bands are continuously tightening, and each rebound to the middle band is met with resistance. What does this indicate? Capital is not optimistic about this rebound; the power in the market still lies with the bears. Without volume support or improved patterns, forcing long positions at this time is equivalent to handing over chips directly to the main players.
The key idea is clear: every rebound is a window for shorting. You can gradually enter short positions between 131 and 133, with the first target below at 124, and further down, the target is 120.
The bulls lack trend support and are only left with illusions; the bears follow the market trend, and the profits that should be made will naturally come.
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DegenDreamer
· 11h ago
You've heard the phrase "Bollinger Bands tightening" too many times. Every time, it's said that the bears are in control. But what's the result?
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DAOplomacy
· 11h ago
ngl the incentive structures here are kinda sus... like every time we see these "dead cat bounces" the volume just doesn't follow through, right? arguably the path dependency from 132 down is just setting up for more downside pressure. idk man, historical precedent suggests these tightening bollinger configurations tend to resolve messily
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FarmHopper
· 11h ago
The Bollinger Bands are tightening again. This rebound is indeed weak; the bears are still in control.
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FundingMartyr
· 12h ago
I'm already tired of the Bollinger Bands tightening thing. It's always the same explanation, and what happens? It still ends up reversing and hitting hard.
The recent market movement of SOL has become quite obvious. The overnight bottoming was just a quick rebound driven by sentiment, and just as the bulls pushed the price to 132, it was hammered back down, leaving no chance to even catch a breath. Now it’s fluctuating around 130, seemingly stabilizing, but in reality, it’s just the calm before the storm of a decline.
The four-hour chart is clear at a glance. The Bollinger Bands are continuously tightening, and each rebound to the middle band is met with resistance. What does this indicate? Capital is not optimistic about this rebound; the power in the market still lies with the bears. Without volume support or improved patterns, forcing long positions at this time is equivalent to handing over chips directly to the main players.
The key idea is clear: every rebound is a window for shorting. You can gradually enter short positions between 131 and 133, with the first target below at 124, and further down, the target is 120.
The bulls lack trend support and are only left with illusions; the bears follow the market trend, and the profits that should be made will naturally come.