Solana has recently rebounded well following the overall market trend, but the price has already reached a critical resistance zone on the 4-hour chart. Here's the problem— the trend has not yet clearly reversed, and trading volume has not truly increased, so I tend to think this rebound is just a dead cat bounce and won't go too far.
From a trading perspective, my approach is: go short at the 135 level, with a stop loss at 138 to prevent a breakout. The downside targets are first 130, then 128, and if the support breaks, continue to look at 125. This area should be an important short-term support level and a reference point for subsequent rebounds.
In summary, a rebound without volume support is all fake. Under this context, we should be more cautious.
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SnapshotStriker
· 01-06 08:36
Dead cat bounce is correct, but I have to question the trading volume. Are things really this dull these days?
I'm also watching the 135 short position, just worried about a false breakout sweeping people out. Stop loss at 138 feels a bit tight.
If it can't break 128, then we really need to watch 125. Whether this wave can reach that depends on how the whales play it.
Trading volume is the key; a rebound without volume is pointless. I trust your logic.
Wait, if the resistance zone hasn't been broken, why should there be a rebound? Isn't this logic reversed?
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TokenomicsTherapist
· 01-05 18:44
I support the dead cat bounce this time; if the trading volume doesn't follow, it's just an illusion. Enter short at 135 and wait to pick up bargains.
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Another rebound with no volume; this kind of market is the most deceptive. Slipping to 125 is definitely the right move.
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Honestly, trading volume is the real boss. Without it, everything else is pointless. Wait for a breakdown signal before taking action.
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If the resistance zone is blocked here, it means there's no hope. It's still more comfortable to stay on the sidelines.
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128 is the real support. I think the lines below are all just bait.
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SandwichTrader
· 01-04 04:59
The dead cat bounce judgment I agree with; trading volume alone is useless. The logic of shorting from 135 to 128 makes sense, but it depends on whether 135 can really hold. I'm just worried that it might break through 138 directly, then I would have to change the plan.
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JustAnotherWallet
· 01-04 04:59
Dead cat bounce is real; a rebound without volume is indeed false. Entering short at 135 feels stable, just worried it might be a false alarm again.
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CryptoPhoenix
· 01-04 04:59
It's another rebound with no volume, we've seen too many of these. SOL got stuck at the resistance level during this rally, I knew it would drop again. Entered short at 135, waiting for the bottom at 125. Belief in this kind of thing should be reserved for a bull market; in a bear market, you need to have a bear market strategy.
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MEVVictimAlliance
· 01-04 04:58
I agree with the "dead cat bounce" judgment; no volume means false, and this rebound indeed can't withstand scrutiny.
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135 short position feels a bit aggressive. Is it really that easy to break 130 with such a strong rebound?
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It's another rebound without volume, a common topic. This kind of market is the easiest to cut people off.
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If the volume doesn't cooperate, even the best technical analysis is useless. There's nothing wrong with that statement.
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It feels like SOL is just testing the waters and then running away; no signs of major players supporting the market.
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Following this line of thinking, 128 is the real test of strength.
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But I actually think it might break 138... Usually, a major bottom rebound will have a wave.
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ILCollector
· 01-04 04:56
Dead cat bounce, I can't see how far this can go. If you go in at 135, you're just betting on it to turn back. Without volume support, everything else is just talk.
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DataPickledFish
· 01-04 04:49
Dead cat bounce warning, this rebound is really fake without volume
It's another false rebound with insufficient trading volume, be cautious
Short 135, betting it won't return to 138
Feels like a wave will take it away, see 130
A rebound without volume is ultimately a mirage bubble
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GlueGuy
· 01-04 04:44
Dead cat bounce, no volume means it's fake. Just wait for the bottom to be picked up when 135 drops in.
Solana has recently rebounded well following the overall market trend, but the price has already reached a critical resistance zone on the 4-hour chart. Here's the problem— the trend has not yet clearly reversed, and trading volume has not truly increased, so I tend to think this rebound is just a dead cat bounce and won't go too far.
From a trading perspective, my approach is: go short at the 135 level, with a stop loss at 138 to prevent a breakout. The downside targets are first 130, then 128, and if the support breaks, continue to look at 125. This area should be an important short-term support level and a reference point for subsequent rebounds.
In summary, a rebound without volume support is all fake. Under this context, we should be more cautious.