$SOL has entered a cooling phase after a volume decrease, with price action showing a continuation pattern in a downtrend, waiting for a clear signal to stop falling.
🎯Direction: Empty position
The current market is dominated by bears, with a -4.67% drop accompanied by high trading volume, consistent with the bearish combination of 'price drop + high trading volume.' Market logic suggests that it should be assessed in conjunction with open interest; if open interest increases simultaneously, it may indicate that bears are opening positions or major players are unloading, and the downward momentum has not yet been fully released. There has been no effective buying absorption before key support, and any rebound on the LTF has been quickly suppressed, indicating a bearish market sentiment. Entering long at this time would be akin to catching a falling knife, while shorting would be chasing in the middle of a downward wave, resulting in a poor risk-reward ratio. The real opportunity lies in waiting: either a panic sell-off occurs with high volume, creating a daily oversold condition, or a bottom structure (like a double bottom or divergence) appears on the hourly chart accompanied by buying absorption. The core trading philosophy: abandon vague midpoints, only trade high-probability starting or ending points.
Be patient; I will call out trades here when opportunities arise 👇 $SOL
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