Please note,

it has already weakened. Effectively breaking below the life line, a rebound to the life line around 220, it is suggested to reduce positions for now. At this moment, pay close attention to the support level around 200. If it breaks below, it will drop to around 185-175. If anyone recently entered the market at 200, it is suggested to set a stop-loss strategy or reduce positions by half if it rebounds to around 220.

Although many people have a good impression of it, from a technical pattern analysis perspective, the trend has broken below the daily trend line; it is now in a downtrend. One more thing, the cost for the major players is only between 5-15u. Thinking this way, you will find reasons to reduce positions or sell. $SOL