SOL, from the four-hour timeframe, experienced a significant correction yesterday, with the lowest point around 120 showing sluggish response. Thinking carefully about the reason, it's simply because the support level below is too strong—trying to push down further is difficult.



The space for further deep decline at this level is actually quite limited, which instead indicates that the probability of a rebound is increasing. From a different perspective, it’s more reasonable to be bullish.

The range between 117 and 112 is a good entry zone, with a recent target of 140. If you enter a position, it's best to hold with a medium to long-term mindset and avoid frequent trading. Adjust your defensive position flexibly based on your holdings; a light position is advisable—prioritize stability and wait for the right momentum.
SOL-2.81%
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PortfolioAlertvip
· 3h ago
Level 120 is indeed tough; if you can't break through, it's a signal... I'm planning to buy at 117.
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RektButStillHerevip
· 3h ago
120 this position is indeed tough, smashing it is actually a good signal, just worried that the rebound won't be strong enough. Fine, it's another reason to be bullish, let's wait and see. I'm tired of hearing the "wait for the wind" strategy for light positions, but the logic isn't wrong. Trying at 117, as long as I can afford to lose, it's fine. Support is so strong, why is it still falling so sharply? The logic is a bit broken. 140 is probably a dream, let's see if 130 can hold first. Hold for the medium to long term? Last time someone said that, they all got caught. Saying "defensive position" like that is the same as not saying anything, it all depends on your mindset.
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FastLeavervip
· 3h ago
The support is so strong that it really can't be broken. It was a bit scary around 120, but now it still looks good.
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BTCWaveRidervip
· 3h ago
The 120 level is a tough barrier, and the rebound probability is indeed increasing. Prepare to buy the dip between 117-112; 140 still has hope. Stop messing around, hold on and it's all good.
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OnchainDetectivevip
· 3h ago
Wait, I need to check the on-chain data first... The 120 level indeed has a large accumulation of orders, clearly indicating someone is supporting the price. After analysis and assessment, the fund flow behind this wave of correction is worth paying attention to. According to on-chain data, those key wallets between 117-112 show obvious abnormal buying behavior, a typical accumulation strategy.
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StableBoivip
· 4h ago
This level at 120 really can't hold, but the fact that the support below is so strong might actually be a signal. Feeling more stable between 117-112, just hold the midline and don't mess around. Is 140 a dream or can it really go up? Light positions, light positions, light positions—saying it three times is the truth. If SOL rebounds in this wave, it would be so awesome. With such strong support, why is it still dropping? Truly magical. Let's wait and see, the wind will come.
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