SOL 142.34
SOL broke below 142, triggering my stop loss. The market entered a long squeeze, just like ETH previously entered a short squeeze.
The 4-hour chart has entered a downtrend, but the decline is slow; perhaps a big drop could happen, but I'm not sure, so I haven't chased the short.
On the 30-minute chart, SOL broke below 142 and temporarily stabilized; it might rebound, but I'm uncertain. In this long squeeze, the slow decline and quick recovery can easily lead to a dull knife slowly cutting meat; I plan to stop trading.
The market is not always right; this is the market's trash time, and there's half an hour until the US stock market opens; perhaps that will be the real entry point for large funds, and right now it's just a trial phase.
I will wait for half an hour; if there is a market later, I will consider entering. $SOL
