Currently, the big pancake is at a high position, and Binance is crazily listing large VC coins to absorb liquidity.

Other altcoins are suffering.

Last night, I discussed with a friend about SOL, asking if it’s a good time to get in. My suggestion last night was that this position is at a dividing line; traders on the left side could open a small position here. The right side still requires observation.

Although SOL is currently in an ascending bull flag, both last night and even now, it has not stabilized yet and needs some time for consolidation.

The current bull flag is in a situation after a sharp rise, and it has not created an effective consensus in the recent market. To put it simply, the market has calmed down after the spike in the early hours of the 10th, and there is no FOMO state anymore.

So on the right side, we still need to observe the consolidation before seeking to find an entry point after breaking out to form an upward channel.

On the left side, I’ll give you a few levels: the current price is 216.58 for a small initial position, around 208 to add more, and 194 for a heavy position. As for stop-loss, it depends on how much loss you can bear, stop-loss is self-defined.

I’ve shared my thoughts with you, but I can’t force you to buy. 😐😐😐