SOL is currently around 75.9u, and these past few days it has been grinding in this range.
First, the conclusion: I will continue to observe from this level and I’m not in a hurry to take action.
This move started around 72, rallied up to 77, and then pulled back. Right now the price is sitting right around the 50 line. Both the 4-hour and daily directions are still being pressured downward, and short-term momentum is also fading. In plain terms, after clearing this stretch, we’re now at a turning point where a direction needs to be chosen.
But it’s not all bad. Over the last roughly 3 hours, spot large-order capital has basically been net inflowing. The last 12 candles have all been positive, and the big-money account long/short ratio has risen to more than 2x, with positioning skewed long—capital really is concentrating here.
The problem is: the open interest is shrinking (down nearly 4% in a day). In active trades, the buy order share is still less than half, and the price hasn’t reclaimed the short-term moving averages. Capital is coming in, but price hasn’t given confirmation—this is the biggest contradiction right now.
So my stance is to wait. Either wait for a pullback and then a retake above the short-term moving averages for confirmation that the funds can truly hold it, or wait for it to choose a direction on its own. Chasing into the area where capital and price are fighting has only so-so value; waiting for one confirmation will feel better.
#sol $SOL
First, the conclusion: I will continue to observe from this level and I’m not in a hurry to take action.
This move started around 72, rallied up to 77, and then pulled back. Right now the price is sitting right around the 50 line. Both the 4-hour and daily directions are still being pressured downward, and short-term momentum is also fading. In plain terms, after clearing this stretch, we’re now at a turning point where a direction needs to be chosen.
But it’s not all bad. Over the last roughly 3 hours, spot large-order capital has basically been net inflowing. The last 12 candles have all been positive, and the big-money account long/short ratio has risen to more than 2x, with positioning skewed long—capital really is concentrating here.
The problem is: the open interest is shrinking (down nearly 4% in a day). In active trades, the buy order share is still less than half, and the price hasn’t reclaimed the short-term moving averages. Capital is coming in, but price hasn’t given confirmation—this is the biggest contradiction right now.
So my stance is to wait. Either wait for a pullback and then a retake above the short-term moving averages for confirmation that the funds can truly hold it, or wait for it to choose a direction on its own. Chasing into the area where capital and price are fighting has only so-so value; waiting for one confirmation will feel better.
#sol $SOL