Xing Ge Talks Crypto 6.30


$SOL Trading Forecast Title: Oscillating under pressure, mainly short at high positions — Beware of the "false breakout" trap
Short level: around 72.5-73.5, stop loss at 75
Take profit target: 68-65
Technical four-chart convergence: SOL fell all the way from the high of 98 to the low of 60 and then rebounded, but recently it has repeatedly encountered resistance in the 75-76 range. The latest four charts all show: the price has repeatedly spiked and fallen near the upper Bollinger Band (75.8-76.2), the MA5/10 death cross is obviously suppressing, and the volume has been shrinking during the rebound (the fourth chart shows VOL dropped to 7.1M, far below the initial rebound volume of 12M+), typical of a "low-volume bull trap". The macro environment is consistent with the logic of mainstream coins. The Fed's hawkish stance continues, and rate cut expectations are continuously postponed #美伊冲突再升级
SOL4.27%
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0xNap
· 06-30 02:45
This judgment about a no-volume bull trap is pretty spot on. It’s true that it keeps failing to break above 75—it is indeed fake. Wait for a real drop and a breakdown below 68, then consider buying the dip.
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