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Solana has recently entered a clear correction phase. Starting from the early session high of $136.28, the price has been oscillating downward, ultimately closing at $135.87. During this process, a typical long upper shadow bearish candlestick pattern has formed—bulls encountered strong resistance near $136.28, and the upward momentum quickly exhausted, allowing bears to begin taking control of the market rhythm.
However, it is important to note that trading volume did not significantly increase during the decline. This indicates that although selling pressure exists, it is not yet panic selling. Market sentiment remains relatively rational.
Based on this phase characteristic, it is recommended to adopt a wait-and-see approach or a light short position. If choosing to enter a short position, controlling the position size within 20% would be more prudent. Set take-profit at $134.93 and stop-loss at $137.00. This wave of SOL correction may still require some time to bottom out, and in the short term, it is more about waiting for further confirmation signals.