#美联储重启降息步伐 I've been watching SOL's hourly chart lately and noticed a pretty good opportunity. The price has been consolidating at the bottom twice, forming a fairly obvious W-bottom pattern, and the moving averages are also providing support at this level, which feels like a double layer of protection.
Technically, the RSI has climbed from the previous oversold state to around 45, and the MACD just had a golden cross. All these signals suggest that the bearish momentum is weakening and the bulls might be taking over.
Personally, I think it's worth considering going long in the 135 to 137 range, and if things go well, maybe aim for the 140-142 area. Of course, this is just my personal view, and everyone should manage their own risk.
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WalletAnxietyPatient
· 21h ago
This W-bottom pattern on SOL is indeed something; I'm watching it too. Entering at 135-137 seems pretty good.
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GateUser-c799715c
· 12-05 03:09
This SOL move is really looking good. The W-bottom plus the golden cross is getting hard to hold back.
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ChainProspector
· 12-05 03:09
This W-bottom pattern is something, going long at 137 is kind of interesting.
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Have to follow when there's a golden cross, no surprise SOL is rising this round.
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Another risk control warning, heard it too many times already haha.
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I already got in at the 135-137 price range, now it's just a matter of whether it can reach 140 smoothly.
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Fed rate cuts plus technical support, this bull run is definitely coming.
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RSI is only at 45, still plenty of room to rise, will keep watching.
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The W-bottom is indeed reliable, but watch out for false breakouts, better to be cautious.
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I agree with the moving average support, but still need to see volume confirmation.
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MACD golden cross is a good signal, but it seems a bit rushed in the short term.
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Wait, is this just a simple rebound or is it really about to take off? Need to see if it can hold above 135.
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ReverseTrendSister
· 12-05 03:07
This W bottom does look interesting, I'm also watching 135-137, but honestly in this kind of market the biggest worry is a fake breakout.
Is SOL trying to trick me into adding to my position again? Haha, last time I was so confident and it just crashed, so this time I don't dare to go all in.
Risk management is really important—once you've seen enough people forced to sell at a loss, you'll get it.
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ponzi_poet
· 12-05 03:03
The W-bottom has already formed, this move is getting interesting.
The Fed rate cut is indeed a catalyst, but we still need to see if SOL can hold this support.
If you enter at 135, don’t be greedy. You should consider selling half at 140.
#美联储重启降息步伐 I've been watching SOL's hourly chart lately and noticed a pretty good opportunity. The price has been consolidating at the bottom twice, forming a fairly obvious W-bottom pattern, and the moving averages are also providing support at this level, which feels like a double layer of protection.
Technically, the RSI has climbed from the previous oversold state to around 45, and the MACD just had a golden cross. All these signals suggest that the bearish momentum is weakening and the bulls might be taking over.
Personally, I think it's worth considering going long in the 135 to 137 range, and if things go well, maybe aim for the 140-142 area. Of course, this is just my personal view, and everyone should manage their own risk.
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