【$SOL Signal】Short position + decline accompanied by abnormal open interest
$SOL price decline is accompanied by high open interest, market logic suggests that we need to be wary of the risk of long liquidation or main shipments. There is no clear bottom structure on the current market, and the price action shows that the selling pressure continues, and it is not appropriate to go against the trend.
🎯 Direction: Short position
Wait for a clear buying absorption and stop structure in the price at key support zones (e.g., $110-$115) before evaluating the long opportunity. At present, the market sentiment is bearish, the main movement is unclear, and the risk of forced entry is greater than the return.
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【$SOL Signal】Short position + decline accompanied by abnormal open interest
$SOL price decline is accompanied by high open interest, market logic suggests that we need to be wary of the risk of long liquidation or main shipments. There is no clear bottom structure on the current market, and the price action shows that the selling pressure continues, and it is not appropriate to go against the trend.
🎯 Direction: Short position
Wait for a clear buying absorption and stop structure in the price at key support zones (e.g., $110-$115) before evaluating the long opportunity. At present, the market sentiment is bearish, the main movement is unclear, and the risk of forced entry is greater than the return.
Trade 👇 $SOL
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