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SOL's recent trend is a bit awkward. It surged to the 148 level and then started encountering resistance. It tried multiple times to break through the 150 mark but failed each time.
What's the most heartbreaking? The price hit a new high, but the trading volume didn't follow. What does this indicate? It shows that the selling pressure above is extremely strong. This kind of divergence between volume and price usually isn't a good sign.
The short-term strategy is quite clear: wait for a rebound to the 148-151 range, then consider shorting. Place the stop-loss above 154. The initial target is set around 136-140, see how low it can go.
Currently, the situation is that the upward momentum has clearly weakened, and the opportunity for a short position is on the table.