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May 13th SOL $93 "firm bottom" confirmed? The bullish reversal horn sounds, open long positions directly at the current price!
Hello comrades, good afternoon everyone. I’m your old friend.
Today, May 13, after a wave of terrifying continuous selloffs, Solana (SOL) finally released an extremely strong signal to stop the bleeding around 93.55. If you’re still panicking over yesterday’s prolonged dip, you may be missing out on this “violent rebound”—first class.
Without further ado, let’s jump straight into the hardcore breakdown.
1. In-Depth Technical Analysis Across Multiple Timeframes
1) Daily Chart Level: Major Trend Retracement, Strong Support Kicks In
From the perspective of the daily chart’s big-picture framework, SOL is still moving within a larger ascending channel. The rapid drop from yesterday to today is, in essence, a shakeout of chips from the prior breakout point. At present, the price has found strong support in the 93–94 range—this is also the “lifeline” for the bulls’ defense. As long as the daily close does not break below 93, the overall bullish structure remains unbreakable.
2) Four-Hour Chart (4H): Bearish Exhaustion, A Turning Point Imminent
The 4-hour chart shows that the downward slope has clearly started to flatten, and the MACD green histogram bars are beginning to shrink—this is a classic bearish exhaustion / bottom divergence warning signal. The current price is attempting to repair an excessively large divergence rate. Once it breaks the resistance level at 96.5 with increased volume, the upside room will open up quickly.
3) One-Hour Chart (1H): Early V-Shaped Reversal Forming, Moving Averages Fully Reclaimed
Take a closer look at the 1-hour fine structure (reference 1303_2.jpg):
2. Top-Level Practical Trading Play Instructions
The market has already completed the switch from the selloff to base-building, and the risk has been released by the wick around 93.55.
🚩 Real-Time Single Order Layout (Open at Current Price)
3. Private Thoughts from a Pro Trader/Blogger
Comrades, the essence of trading is the risk-reward ratio. Entering around 95 is betting on the upside potential toward 100—or even higher. Set your stop loss just slightly above today’s low; this is the so-called “golden entry point.”
The price action in 1303_2.jpg has already told us that the bears can’t push it down anymore. At this point, instead of panicking, it’s better to follow the trend. Remember: be bold yet careful, and execute strictly.
⚠️ Risk Reminder: The crypto market involves risks; enter with caution. The analysis above is for reference only and is not investment advice. Please strictly control your position size—don’t go all-in on a single bet!