Solana tokenized stocks surpassed $4.4 billion in trading volume in September, and this on-chain asset boom is spilling over into CL. I lean short-term bearish. Funding has weakened: the rate of -0.0126% indicates that shorts are willing to pay to hold their positions, while the top-10 bid/ask ratio is just 0.70, signaling clear selling pressure. Although CL is up 0.7% over 24 hours, the 1-hour and 4-hour trends are both downward. It has pulled back 7.89% from its 4-hour high, and trading volume of 15.107 million suggests insufficient buying support. Open interest of 419,000 coins could trigger a long squeeze. Strategy: place a short near 90.35 on a rebound, with a stop-loss at 91.12 and an initial target of 87.24. If it breaks below 86.71 on strong volume, consider a small short position, with a stop-loss at 87.55 and a target of 85.38. Keep position size below 20%, and beware of a short squeeze amid negative funding.

——These are solely personal opinions and do not constitute investment advice. Wishing you successful trading.——

$CL#Solana tokenized stocks' trading volume surpassed $4.4 billion in September