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Sol analysis on November 17
The current oscillation pattern of SOL is difficult to break through, with the price repeatedly falling back from the key resistance level of 139.5, indicating insufficient buying power. The main reason is its strong correlation with Bitcoin: since November, Bitcoin has been continuously declining, and recently there has been a massive sell-off, which has significantly suppressed SOL due to its weak performance.
It is recommended to short SOL around 143-146 on the rebound, with a target looking down at 130-120.
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