$SOL /USDT trading pair just reached a high of $171.76, but has now begun to pull back. If you are unsure what to do next, here are some simple strategies for reference.

What is the current market status?

The RSI indicator has risen to 83.70, indicating that SOL may be overbought and has now started to enter a correction period. The 6-day RSI has also reached 70.96, which similarly shows that the market may be overheated, with a risk of further declines. The OBV indicator's performance is also not very optimistic, which may mean some investors have started to sell to lock in profits.

What should investors holding $SOL do?

The price of SOL has touched $171, but is now pulling back. If the price cannot rise again, selling now to take the profit is a good option. When the price returns to between $166 and $170, consider selling some, especially when feeling the upward momentum is weak.

What should novice investors wanting to buy SOL do?

It is recommended to wait for a better opportunity. If the price pulls back, look for buying opportunities between $150 and $155, or if the price falls further, the $140 position may provide stronger support.

What should be done in the future?

$SOL has previously experienced a strong rise, but is now in a correction. It is advisable to wait until signs of price recovery appear before buying, and to increase positions near key support levels to achieve long-term profits.

Overall, it is important to remain patient and wait for the right timing to act.