The current SOL market shows clear technical signals: As the price trend of SOL develops, the Bollinger Bands are gradually tightening and moving upwards, indicating that both buyers and sellers are temporarily in a stalemate, currently in a stage of energy accumulation.
The market is currently in a trading halt, maintaining an overall sideways fluctuation pattern. Based on the market conditions, the upward breakout space is relatively limited in the short term, and investors should closely monitor whether the price reaches a temporary peak.
Based on technical analysis and market conditions, the trading strategy suggests adopting a bearish outlook. A short position can be entered when the price approaches around 157, with the first target price set at 151;
If the market continues its downward trend and successfully breaks below the support level of 151, the target can be further set towards 145.
It is essential to set stop-loss orders strictly to guard against risks from sudden market fluctuations.