SOL just hit a new high and then underwent a harsh shakeout, almost completely giving back the day's gains. This routine is indeed familiar—most retail traders chasing the high get harvested, and traders in contracts are even more hesitant to chase again.



From a technical perspective, the $142.2 resistance for SOL looks even more formidable than Bitcoin's $93,600 resistance. Bitcoin couldn't break above 95,000 before getting stuck, and once the pressure was broken, it immediately reversed downward for a shakeout. Coincidentally, SOL also experienced a similar pattern where the pressure was broken, followed by a rapid decline. One hour of upward movement, two hours of retracement, almost erasing the entire day's gains.

The current question is, after this shakeout, when can SOL break through the next resistance level? Can it successfully break through the $150 mark? The market still needs to provide the answer.
SOL-1.66%
BTC-1.25%
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CountdownToBrokevip
· 14h ago
Coming back with this again? Chasing highs and getting liquidated is truly deserved. Can't you hear the sound of contracts being liquidated?
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ProbablyNothingvip
· 01-06 23:48
It's the same old trick... surge for an hour, then pull back for two hours, retail investors' blood pressure skyrocketing.
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MidnightMEVeatervip
· 01-06 23:47
Good morning, this is the daily life in the robot paradise—retail investors become lunch, contracts become midnight snacks. --- It's the same sandwich routine again—eating for an hour and spitting out for two hours, it’s making me sleepy just watching. --- $150? Haha, let's first ask those nocturnal creatures in the dark pool if they agree. --- When the support level breaks, it’s a shakeout. How skilled is this rhythm? It’s practically a textbook liquidity trap. --- I don’t dare chase contracts anymore, just giving big players some room... Wonderful. --- Breaking through 142 and then plunging—Bitcoin is doing the same routine. Is this a coincidence? I call it price impact. --- Spit out all day and only then feel comfortable with the gains, right? That’s the true essence of arbitrage zones.
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ColdWalletAnxietyvip
· 01-06 23:45
Coming back with this again? The one-hour gain and two-hour dump, retail investors' blood is almost drained. The market maker's sense of rhythm is really impressive; BTC and SOL are plunging together. This move is indeed a bit fierce. Can 150 still hold? To be honest, I have no confidence; the technical analysis looks a bit uncertain.
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ReverseTrendSistervip
· 01-06 23:33
Coming back with this again? A one-hour increase followed by a two-hour wipeout—that's why I only do the opposite.
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