#Negotiations between Iran and the U.S. resume; the room for concessions on both sides is limited. The geopolitical risk premium is hard to fade. SOL faces near-term pressure, but its medium-term structure has not been broken; I tend to treat it as range-bound with a bearish bias.

The key contradiction lies in the cycle divergence: on the 1-hour chart, the price is 4.12% below the high, while on the 4-hour chart it is 23.18% above the low—short-term is weak, medium-term is strong. Current price is 119.25. In the past 24 hours, it’s up 1.3%. The trading range is 117.03 to 121.59. Trading volume is 9.529 million, with somewhat lackluster volume. The funding rate is -0.0082%, indicating that shorts are paying only slightly. Open interest is 2.981 million SOL. The bid/ask ratio on the order book is 1.77. Buy orders total 11,000 versus 6,158 sell orders—strong willingness to absorb near the lows, but overhead sell pressure still needs to be worked through. Resistance is at 120.83, support at 117.46.

Strategy: consider a light short near 120.65 on the rebound, with a stop loss at 121.87 and a target at 117.52. If price pulls back to 117.35 and stabilizes, then consider a reversal to go long, with a stop loss at 116.18 and a target at 120.44. Do not risk more than 5% per position; if the stop loss is broken, exit decisively.

——This is for personal opinion only and does not constitute investment advice. Wishing you a smooth trade.——

$SOL# The US-Iran negotiation is set to restart, with limited room for both sides to make concessions.