As risks around the Strait of Hormuz escalate, short-term energy supplies still have a buffer, and sentiment toward risk assets has not spiraled out of control. SOL is under pressure amid a tug-of-war between safe-haven demand and risk appetite. I view this pullback as a correction within an uptrend, rather than a trend reversal.

Down 2.2% over 24 hours, with the current price at 115.56 and a low of 115.14. The 1-hour trend is down, but the 4-hour trend remains upward, favoring short-term bearishness and a long-term bullish outlook. Trading volume was only 7.279 million; the decline on lower volume suggests selling pressure is limited. The funding rate is negative, and open interest stands at 3.166 million, with sentiment slightly favoring the bears. The order book bid-to-ask ratio is 1.40, with thicker buy orders, indicating support around 115.1.

Strategy: On a pullback to 115.41, consider a small long position, with a stop-loss at 113.87 and an initial target of 118.63. If the price breaks below 113.87 on increased volume, exit and wait on the sidelines. Keep the position size below 20%, and don't chase rebounds on declining volume.

—These are only my personal views and do not constitute investment advice. Wishing you successful trading.—

$SOL#Hormuz risks escalate; short-term energy supplies still have some buffer