Brothers, I am Mig.
SOL is still going down, and many are asking: Is it going to crash? Can we buy the dip? Don't panic, let's break it down step by step—news, technicals, entry and exit points, I will explain it all clearly to you.
Part one: What on earth is happening with the news?
Did you watch the news about Trump's 'Peace Commission' early this morning? On the surface, it's international politics, but it directly affects the flow of global capital.
This sudden and highly uncertain geopolitical event often causes traditional large funds to shift towards Bitcoin and other 'safe-haven assets', while short-term assets like SOL are easily drained along with the market.
News Summary: The news is bearish, market sentiment is cautious, don’t rush to call 'the bull is back', first see where the funds are flowing. If you are unclear about the specific points, you can follow Mig, and friends who have followed me can receive real-time reminders in the village 24 hours a day. Chat Room
Part Two: The technicals have already spoken, will you listen?
Look at the 4-hour chart, two key signals:
The MACD double lines are still below the 0 axis, indicating that the bears have not retreated;
The price is pressed below the 135-137 resistance zone, and every time it rebounds to this area, it gets knocked back.
The support below is very clear: 132 is the first hurdle, 130 is a strong support zone. If it can't consistently stay above 135, the market will likely test support downwards once.
Technical Summary: No bull market under pressure, do not buy the dip unless support holds.
Retail Investor Operation Suggestions
If it rebounds to around 135-137: focus on reducing positions, don't be greedy;
If it drops to the 132-130 range: buy in batches, set a stop-loss below 129;
If it breaks through 137 with volume: wait for a pullback confirmation before following, target 140-143.
Remember: do not go all in at once, do not guess the bottom, wait for signals. Where exactly to enter, and where to set the safest stop-loss? The Mig village has already provided reminders; those who want to keep up should become Mig villagers! Chat Room
Mig's personal opinion - how will today unfold?
I believe SOL is likely to go down first before bouncing today.
There is a high probability of another dip testing around 132; if it can't hold here, it will look for support at 130. But as long as 130 is not effectively broken, a rebound opportunity lies in the panic that comes with the drop. Unless there is a sudden breakout with volume above 137, any rise to 140 will be a trap.
Do not chase rises, wait for opportunities that arise from drops.
The market always has opportunities; the key is to operate calmly. Mig will continue to help everyone keep an eye on on-chain dynamics, let's move forward steadily together! Follow Mig and participate in every attack of the Mig villagers! Mig will announce specific entry times and real-time news in the village every day!
