Looking at the recent movement of SOL, the rebound started at the 132.5 level from last Thursday. From a technical perspective, if this rebound is to fully develop, it could potentially reach around 149.25.
However, there's a problem—the range between 144.25 and 146.5 has always been a tough nut to crack, and it hasn't been broken through in over a month since December. So strategically, once the price is above 144, don't rush to chase; the risk-reward ratio isn't favorable.
A more prudent approach is: consider shorting in the 144-146 range, and wait for a pullback to confirm below 141 before considering long positions. This way, you can participate in the subsequent rally without getting trapped at resistance levels. Market rhythm is very important; not every upward move needs to be chased aggressively.
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MindsetExpander
· 01-12 14:23
144 to 146 is really a trap. I got caught here last time, and now I'm a bit hesitant.
But this analysis sounds reliable. Wait for 141 to come down before taking action, be cautious.
Whether SOL's rebound can break through the resistance level depends on the weekend trend.
The sense of rhythm in the market really hits home; chasing the rally is truly the easiest way to lose money.
Let's see if 141 can hold steady; if not, better to stay on the sidelines for now.
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MemeEchoer
· 01-12 05:58
The 144-146 level is indeed tough, and it gets knocked down every time. However, this rebound has a good rhythm. It's more prudent to wait until 141 to get in.
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PensionDestroyer
· 01-12 05:55
144-146 is really a devilish zone. I got trapped once in December and haven't touched it since.
Trying short positions sounds good, but I'm just worried about messing up the rhythm.
Whether this rebound can break new highs is still a question.
My brother's analysis is detailed, but I just want to ask— is the 149.25 target really reliable?
Actually, I think instead of studying these, it's better to just observe the market reaction and not overthink.
The top might really be around 149; history always repeats itself.
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NFTHoarder
· 01-12 05:55
That hurdle at 144 is indeed stubborn. I struggled for a long time last month but still didn't get any gains.
Wait for the pullback before taking action. Don't rush in the next one or two days.
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CodeAuditQueen
· 01-12 05:33
The repeated tug-of-war in the 144-146 range... is a bit like a reentrancy vulnerability in smart contracts. On the surface, the logic seems fine, but during actual operation, it gets stuck. However, speaking of which, repeatedly confirming the technical position before breaking through indeed reduces the risk a bit.
Looking at the recent movement of SOL, the rebound started at the 132.5 level from last Thursday. From a technical perspective, if this rebound is to fully develop, it could potentially reach around 149.25.
However, there's a problem—the range between 144.25 and 146.5 has always been a tough nut to crack, and it hasn't been broken through in over a month since December. So strategically, once the price is above 144, don't rush to chase; the risk-reward ratio isn't favorable.
A more prudent approach is: consider shorting in the 144-146 range, and wait for a pullback to confirm below 141 before considering long positions. This way, you can participate in the subsequent rally without getting trapped at resistance levels. Market rhythm is very important; not every upward move needs to be chased aggressively.