SOL Market Analysis

Looking at the recent 4-hour chart, last night in the early hours, SOL suddenly surged higher, with the price reaching around 97 at one point, but the momentum was not strong enough to hold steady or continue pushing upward. After the surge, the market gradually started to pull back and consolidate.

From a technical indicator perspective, the KDJ has already turned downward from a high level, indicating that short-term buying momentum is weakening. However, the decline is still relatively gentle, and there has been no rapid drop. Overall, although the market is currently consolidating, the main trend remains bearish, and the probability of further downward movement is higher.

Trading idea: If the current price is around 97, consider shorting (selling).

For the lower target, initially look at around 60 for stop-loss placement. Adjust according to your position size and risk tolerance; there's no need to fixate on a specific number.

In summary: There may be a small rebound in the short term, but the overall trend remains bearish. The main focus should be on shorting at high levels and managing risk steadily.