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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.