In this cycle, betting on SOL has cost me at least 1,000,000 on paper... Looking back now, it's hard to even talk about it.

Yesterday morning, I just opened a coin-margined long position, and when I woke up, I saw the candlestick chart draw a gate shape—forget it, better not mention it 😭

From the weekly chart perspective, the price has already reached the supply zone and also touched the neckline of this upward move. But looking at the longer time frame, the correction actually isn't done yet. SOL took off back then thanks to the MEME narrative, but now liquidity in the secondary market is almost dried up, and capital is continuously shrinking, so the MEME sector naturally lost its wealth effect. In this situation, SOL's narrative advantage and price performance have also faded.

For short-term trading, I personally think the 132 level is still worth watching. If it breaks below 135 and then rebounds, just exit decisively—you can try to capture the rebound space between 136 and 139.