5.28 SOL Ideas: The overall market weakens, on-chain sentiment cools down, continue to focus on shorting!

Brothers, SOL today completely follows the big pancake aunt, and on-chain Meme collectively leads the decline, sentiment is even colder than the market! After spiking to 85.9 in the morning, it has been falling back all the way, now hovering around 82.2, the overall weak pattern is very obvious.

$SOL
Entry: rebound 83-84, watch for 85.5, target 81-78

1-hour level is exactly the same as the big pancake aunt, a classic bearish continuation pattern:

Bollinger Bands opening downward, middle and upper bands turning down in sync, price is firmly suppressed by the middle band throughout, with no decent rebound

After the decline, it oscillated narrowly in the 81.8-82.5 range for more than 2 hours, with no signs of volume-driven rebound or bullish engulfing reversal signals, this is just a brief pause in the downward process

On-chain data shows SOL Meme on-chain has a nearly 5% daily retracement, on-chain activity has significantly decreased, signs of capital fleeing are obvious, further suppressing SOL's rebound momentum

Important risk reminder: SOL's trend is completely linked to BTC, and is more affected by on-chain Meme sentiment, absolutely no chasing longs, any rebound is a shorting opportunity, if the price directly drops below 81.5 with volume, do not have any bottom-fishing ideas, following the trend to short is the correct choice #美军对伊朗发动新打击