For newcomers, take a look at my previous posts on #sol.
Did you observe the drop to $170.46? It was notable. Curious about the volume of orders at that level (refer to the screenshot)? There's a substantial presence, encompassing both long and short positions, particularly from individuals adjusting their stop orders preemptively or facing liquidation risks due to high leverage usage.
For seasoned traders, now might be a time to contemplate buying. However, exercise patience and refrain from hastily pursuing the price. Base your decisions on sound rationale. I'll update you when selling appears opportune.
