$SOL
SOL returns to around 118, exactly sitting on the upper edge of the 4-hour Bollinger mid-band and the upper boundary of the prior dense trading-activity zone. The pullback not breaking down indicates that the bulls still have the upper hand. On the funding side, the SOL perpetual funding rate has been positive for three consecutive days—those going long are putting real capital on the line. In addition, the SOL spot exchange inventory is also at a recent low level, so selling pressure is limited. From a weekly perspective, it still looks like an upward channel; this kind of retracement is a good window to enter. Go long near 118.5, target 135, and place a stop-loss at 110. Set risk controls properly.
SOL returns to around 118, exactly sitting on the upper edge of the 4-hour Bollinger mid-band and the upper boundary of the prior dense trading-activity zone. The pullback not breaking down indicates that the bulls still have the upper hand. On the funding side, the SOL perpetual funding rate has been positive for three consecutive days—those going long are putting real capital on the line. In addition, the SOL spot exchange inventory is also at a recent low level, so selling pressure is limited. From a weekly perspective, it still looks like an upward channel; this kind of retracement is a good window to enter. Go long near 118.5, target 135, and place a stop-loss at 110. Set risk controls properly.