SOL didn’t wait for confirmation at 120.1: 118.5 support was broken first. I’ve removed the plan to chase longs.
Right now I’m more on the sidelines for SOL—no chasing longs in the short term. Just now OKX perpetual swapped at $117.66; over the past 24 hours it fluctuated between 110.65 and 119.96. During the session it was actually only a little short of 120, but that “a little short” is deadly for trading discipline. The most recent 15-minute candle has pushed down from around 118.3 to 117.88, with a low of 117.44 and about 293,70000 SOL in traded volume. The prior candle fell from 119.26 back to 118.3, with about 218,50000 SOL in traded volume. When it pressed downward, volume didn’t shrink. The 118.5–118.8 support/consolidation zone I originally intended to observe has already been broken through. At this point you can’t pretend an earlier high is a completed breakout.
The earlier post at 07:21 this morning about Project Harmonia laid out the公開 plan very clearly: only if 118.5–118.8 holds on low volume, then a 15-minute volume expansion closes above 120.1 and the next candle maintains above 119.5, I would use at most 2% of principal for a spot long trial. But the high only reached 119.96—never hit 120.1. Now price is back below 118, so the old long conditions are invalid. I didn’t chase any order earlier; this is execution based on observation conditions—not a post-facto claim that I profited by shorting.
The institutional tokenized fund’s RFP is still just project progress; it’s not something that “already” exists today with 1.9 trillion euros on-chain, and it can’t explain this pullback with a single separate “news reason.”
I also checked the Binance Square trend, the six-hour hot search, Binance official updates, and the Solana Foundation updates, and I couldn’t find any new chain-stop or regulatory announcement that could explain this bearish down-candle. The current funding rate is about +0.01%, with open interest around 3.13 million SOL and a notional value of about $369 million. Longs are still paying to hold, but when price breaks a local support and leverage crowds, the pullback may trigger passive deleveraging. That’s a risk pathway—not saying a liquidation has already occurred. The Bank of Japan rate hike takes effect on September 24, so you can’t attribute every SOL sell order to the yen.
If I were trading it myself, I would be at zero position right now. Only if 117.2–117.6 holds first, then the 15-minute chart closes back above 118.45, and the next candle still holds 118.1, I would consider a spot long trial using at most 1.5% of principal. The first observation zone is 119.0–119.45: when reached, cut by one-third. The second zone is 119.9–120.2—don’t pre-assume a breakout. If after the trial long price falls back to 117.4, cut the position in half; if the 15-minute closes below 116.8, exit completely. If instead there’s a heavy-volume breakdown below 117.2 and then a rebound to 118.0 fails to hold, I’ll cancel the buy plan and reassess at 116.2–116.5. I won’t use high leverage to compensate for a missed breakout just because it was “only a little short” of 120. Real strength requires building volume and holding above 120.1, and having support when it pulls back to 119.5—one step less, and we continue waiting.
$SOL
The above is only my personal market observation and does not constitute investment advice.
Right now I’m more on the sidelines for SOL—no chasing longs in the short term. Just now OKX perpetual swapped at $117.66; over the past 24 hours it fluctuated between 110.65 and 119.96. During the session it was actually only a little short of 120, but that “a little short” is deadly for trading discipline. The most recent 15-minute candle has pushed down from around 118.3 to 117.88, with a low of 117.44 and about 293,70000 SOL in traded volume. The prior candle fell from 119.26 back to 118.3, with about 218,50000 SOL in traded volume. When it pressed downward, volume didn’t shrink. The 118.5–118.8 support/consolidation zone I originally intended to observe has already been broken through. At this point you can’t pretend an earlier high is a completed breakout.
The earlier post at 07:21 this morning about Project Harmonia laid out the公開 plan very clearly: only if 118.5–118.8 holds on low volume, then a 15-minute volume expansion closes above 120.1 and the next candle maintains above 119.5, I would use at most 2% of principal for a spot long trial. But the high only reached 119.96—never hit 120.1. Now price is back below 118, so the old long conditions are invalid. I didn’t chase any order earlier; this is execution based on observation conditions—not a post-facto claim that I profited by shorting.
The institutional tokenized fund’s RFP is still just project progress; it’s not something that “already” exists today with 1.9 trillion euros on-chain, and it can’t explain this pullback with a single separate “news reason.”
I also checked the Binance Square trend, the six-hour hot search, Binance official updates, and the Solana Foundation updates, and I couldn’t find any new chain-stop or regulatory announcement that could explain this bearish down-candle. The current funding rate is about +0.01%, with open interest around 3.13 million SOL and a notional value of about $369 million. Longs are still paying to hold, but when price breaks a local support and leverage crowds, the pullback may trigger passive deleveraging. That’s a risk pathway—not saying a liquidation has already occurred. The Bank of Japan rate hike takes effect on September 24, so you can’t attribute every SOL sell order to the yen.
If I were trading it myself, I would be at zero position right now. Only if 117.2–117.6 holds first, then the 15-minute chart closes back above 118.45, and the next candle still holds 118.1, I would consider a spot long trial using at most 1.5% of principal. The first observation zone is 119.0–119.45: when reached, cut by one-third. The second zone is 119.9–120.2—don’t pre-assume a breakout. If after the trial long price falls back to 117.4, cut the position in half; if the 15-minute closes below 116.8, exit completely. If instead there’s a heavy-volume breakdown below 117.2 and then a rebound to 118.0 fails to hold, I’ll cancel the buy plan and reassess at 116.2–116.5. I won’t use high leverage to compensate for a missed breakout just because it was “only a little short” of 120. Real strength requires building volume and holding above 120.1, and having support when it pulls back to 119.5—one step less, and we continue waiting.
$SOL
The above is only my personal market observation and does not constitute investment advice.
