Solana tokenized stock trading volume topped $4.4 billion in September, reflecting how the expansion of on-chain assets is resonating with macro liquidity expectations. As an important asset in the ecosystem, CL is unlikely to be immune. I expect short-term pressure, but limited downside. Overnight, the price slipped 1.2% to 88.91. The 1-hour and 4-hour trends both moved lower, with the price pulling back 7.79% from its 4-hour high. Trading volume was just 9.687 million, indicating that selling pressure was not overwhelming. The top 10 order-book levels showed 74,000 in sell orders versus 56,000 in buy orders, with a buy/sell ratio of 0.75 favoring sellers. Meanwhile, a negative funding rate of 0.0139% and coin-margined open interest of 392,000 suggest crowded short positions, potentially setting the stage for a short squeeze. For a trade, consider a small long position at 87.65, with a stop-loss at 86.35 and a target of 90.45. If a rebound is rejected at 90.63, a short position could be considered, with a stop-loss at 91.82 and a target of 88.15. Keep any single position below 5% of total capital, and beware of sharp wicks in either direction amid negative funding rates.

——Just my personal opinion; this is not investment advice. Wishing you successful trading.——

$CL#Solana tokenized stock trading volume topped $4.4 billion in September