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.
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BearMarketBro
· 01-07 23:47
Another 136 yuan has been hammered down. The long upper shadow looks really uncomfortable. But it's okay since there's no volume expansion, indicating we're not at the point of a true sell-off yet. Trying a 20% light short position to test the waters—it's just waiting for a confirmation signal anyway.
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PseudoIntellectual
· 01-07 23:44
Wait a minute, you still want to dump without increasing the trading volume? That's just unreasonable... It shows that we haven't hit the bottom yet. Let's watch and wait.
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airdrop_whisperer
· 01-07 23:37
136.28 can't be broken down, this resistance level is a bit tough, trading volume is also very sluggish, it feels like just dragging on and on.
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ProofOfNothing
· 01-07 23:36
The price has dropped back to 136. When will it break through?
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DefiOldTrickster
· 01-07 23:30
Ha, I noticed the issue with this 136 yuan position long ago. The trading volume doesn't match, which is just a weak rebound. My 20% short position is already set up.
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ImpermanentLossFan
· 01-07 23:29
Hmm.. around 136 is a trap, I've already said this position can't hold up.
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.