Recently, I’ve been following the Solana community discussions, and the enthusiasm really reminds me of the feeling during last year’s altcoin rush. Honestly, looking at this trend, I’m a bit tempted.

SOL is currently oscillating around $135.83, and the overall trend is in a retracement and consolidation phase. From a technical perspective, the RSI shows 44.3, indicating room for further upward movement. In terms of price levels, the support below is firmly anchored at $131.76, resistance above is at $139.90, and the true breakout point is at $138.55. This trend pattern, frankly, is a buildup.

To be honest, this situation is both exciting and a little concerning. The reason for excitement is simple—if it can stabilize above the key level of $138.55, the subsequent upward momentum could be very strong, potentially breaking through the resistance at $139.90 directly; but on the other hand, risks cannot be ignored. If it breaks below the support, there’s a possibility of another dip.

Based on my experience analyzing markets over the years, this price level is indeed a good entry opportunity. Instead of overthinking, it’s more practical to develop a clear plan. My approach is this: first, use 20% of your position to tentatively build a position, with a stop-loss set at $131.76. This way, even if the judgment is wrong, the risk can be controlled within expectations. The initial goal is to see if it can hold above $139.90.

If Solana can break through the key level of $138.55, I will add another position, increasing by 30%. The benefit of this approach is that it allows you to fully seize this opportunity without going all-in from the start, maintaining a relatively balanced risk and reward.

To summarize the current key levels: support at $131.76, resistance at $139.90, breakout point at $138.55. What do you all think about this market? Do you have any different ideas?