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SOL currently exhibits typical signs of a strong end-phase in its technical setup, warranting caution.
From the 4-hour chart, although the price is within an upward channel, signs of fatigue are already evident—each successive high point has a diminishing upward move, with frequent upper shadows indicating accumulating selling pressure above. The moving averages remain in a bullish alignment, but this bullishness has become distorted: the price shows a clear divergence from the EMA, not a healthy advance, but rather a forced pull. More notably, the upper Bollinger Band has been touched multiple times, and the long-term proximity to the upper band makes a technical correction toward the middle band highly likely.
The 1-hour timeframe is the real battleground. In the 135-138 range, SOL repeatedly pushes higher but consistently fails to establish a firm foothold. Each rally is accompanied by the same issue: volume does not follow, a classic warning sign of "price moving but money not following." Short-term EMAs are beginning to flatten, indicating that short-term funds are quietly withdrawing. This is not a breakout rally but a common high-level trap setup.
From the main force perspective, current actions seem more like preparing for distribution rather than continuing to push higher. The short-term strategy should be: avoid chasing the high, only short on rebounds, and profit from pullbacks.
Key operational figures:
Open positions around 136, with two target levels—first at 134, second at 133. Stop-loss set above 138. The core logic is to seize the turning point between fatigue at high levels and technical correction.