SOL recently formed a significant resistance zone around 138-140 due to multiple cycle resonances. The price structure shows clear divergence signals—bullish momentum is waning, which is a definite warning.
From the daily chart, the RSI shows obvious bearish divergence, with trading volume shrinking simultaneously. The rally baton is clearly not being passed on. The area above is densely packed with resistance, making a breakout quite challenging.
Trading idea: Consider short positions in the $SOL range of 141-143, targeting around 128-130. This approach is based on current volume and structural analysis.
Pay attention to the overall momentum of $BTC and $ETH, as their directions will influence $SOL.
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FreeRider
· 12h ago
Hmm, RSI top divergence is indeed interesting, and the volume hasn't kept up either. This wave of SOL feels a bit weak.
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ruggedSoBadLMAO
· 12h ago
141-143 short positions? Bro, your judgment is a bit harsh. I'm just worried I can't push it down.
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Degen4Breakfast
· 12h ago
Oh no, we have to look at BTC's mood again. SOL is really a bit weak this time.
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quiet_lurker
· 12h ago
The 138-140 range is indeed a tough barrier; it's really uncomfortable with no one stepping in to take over.
#美国非农就业数据未达市场预期 January 13th SOL Market Observation:
SOL recently formed a significant resistance zone around 138-140 due to multiple cycle resonances. The price structure shows clear divergence signals—bullish momentum is waning, which is a definite warning.
From the daily chart, the RSI shows obvious bearish divergence, with trading volume shrinking simultaneously. The rally baton is clearly not being passed on. The area above is densely packed with resistance, making a breakout quite challenging.
Trading idea: Consider short positions in the $SOL range of 141-143, targeting around 128-130. This approach is based on current volume and structural analysis.
Pay attention to the overall momentum of $BTC and $ETH, as their directions will influence $SOL.