#SOL

SOL has been mentioned before; as long as BTC rises or remains stable, there is still a considerable chance for SOL to rise. However, with BTC's decline, the big brother has fallen, and the little brother must follow suit. I also informed everyone earlier that if SOL falls below 162, long positions should exit. Yesterday, after SOL broke below 162, it also caused a flood of selling. For those who have read my previous articles, the losses could have been significantly less. Currently, SOL has once again arrived at the weekly support area below and is at the bottom of the channel. The price action in this area needs to be closely monitored!

Long Strategy: Currently, SOL is a doji star. If SOL can regain support, coupled with a bullish signal K, a long position can be considered, with stop-loss set at the previous low.

Short Strategy: It is not a good time to short SOL unless BTC crashes again because the support below SOL is the weekly support I have repeatedly mentioned, which is not easily broken.