SOL is currently showing a significant divergence between price and volume: during the rebound phase, the volume has consistently failed to keep up, and once it enters a correction, the volume instead significantly increases, indicating that the bearish forces are gradually taking control.
From the 4-hour K-line perspective, the price once significantly fell below the lower Bollinger Band, but the subsequent rebound showed no strength; the MACD green bars continue to expand, indicating very strong bearish momentum. Looking at the 1-hour chart, the price is barely oscillating below the middle Bollinger Band, and while the trading volume is sluggish, the downward trend has not been reversed in any way. Currently, the outcome of the tug-of-war between bulls and bears is quite clear, and the bearish-led downtrend has just begun.
Can short around 180-182, and cover if it goes down to 170.
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SOL is currently showing a significant divergence between price and volume: during the rebound phase, the volume has consistently failed to keep up, and once it enters a correction, the volume instead significantly increases, indicating that the bearish forces are gradually taking control.
From the 4-hour K-line perspective, the price once significantly fell below the lower Bollinger Band, but the subsequent rebound showed no strength; the MACD green bars continue to expand, indicating very strong bearish momentum. Looking at the 1-hour chart, the price is barely oscillating below the middle Bollinger Band, and while the trading volume is sluggish, the downward trend has not been reversed in any way. Currently, the outcome of the tug-of-war between bulls and bears is quite clear, and the bearish-led downtrend has just begun.
Can short around 180-182, and cover if it goes down to 170.
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