The weekly golden cross for SOL is expected to form within 1-2 weeks, at which point the weekly rebound will initiate. From a technical perspective, the rebound space should reach around the 168 level near the middle band of the weekly Bollinger Bands. Interestingly, 168.5 is exactly the 0.382 Fibonacci retracement level of this wave (116.71-253.49), which is a significant resistance zone and a key reference point for future short positions.
Although the current overall pattern is still in a consolidation phase, the trading strategy should focus on buying the dips. The key is to set daily take-profit levels and avoid chasing longs at resistance levels on the daily chart, as that can lead to losses.
SOL's movement usually leads BTC by one step, so Bitcoin's rhythm is similar—continue to focus on a low-position long strategy. This upward rally requires patience; there's no need to rush into chasing highs.
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SerNgmi
· 01-14 04:08
168 is indeed an incredible level, with Fibonacci retracement being extremely precise.
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FOMOmonster
· 01-13 13:51
This position at 168 is really perfect; Fibonacci also points here. Gotta hold this ground.
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SmartMoneyWallet
· 01-13 13:50
168.5 this level is too coincidental. Does the chip distribution data really support this judgment? Feels like a post-hoc analysis.
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WagmiAnon
· 01-13 13:43
Position 168 is truly perfect, exactly on the Fibonacci level, even the heavens are helping SOL.
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LiquidityNinja
· 01-13 13:38
168 is indeed a crucial level, with Fibonacci and Bollinger Bands resonating together. When shorting, you must keep a close eye on this area.
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tx_or_didn't_happen
· 01-13 13:30
The position at 168 sounds a bit uncertain; it feels like it's going to be repeated again.
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ApeWithNoChain
· 01-13 13:23
Position 168 is indeed amazing, perfectly aligned with Fibonacci, but I still have some doubts about whether it can break through smoothly.
The weekly golden cross for SOL is expected to form within 1-2 weeks, at which point the weekly rebound will initiate. From a technical perspective, the rebound space should reach around the 168 level near the middle band of the weekly Bollinger Bands. Interestingly, 168.5 is exactly the 0.382 Fibonacci retracement level of this wave (116.71-253.49), which is a significant resistance zone and a key reference point for future short positions.
Although the current overall pattern is still in a consolidation phase, the trading strategy should focus on buying the dips. The key is to set daily take-profit levels and avoid chasing longs at resistance levels on the daily chart, as that can lead to losses.
SOL's movement usually leads BTC by one step, so Bitcoin's rhythm is similar—continue to focus on a low-position long strategy. This upward rally requires patience; there's no need to rush into chasing highs.