SOL is facing an interesting game at $133.86 — 57.5% of retail traders are confidently long, but on-chain data shows that the main players are quietly slowing down in the early morning. This signal is worth paying attention to.

Yesterday, shorts were liquidated for $8.5 million, with a long-short liquidation ratio of 8.6:1. At first glance, the trend seems strong, but the price is less than $1.7 away from the previous high of $135.5. This level is often the easiest to be stepped on.

The actual trading approach is this — rather than chasing the high to $135.5, it’s better to patiently wait for a pullback. The first target is in the $130.5-132 range, where the first batch of longs is supported; if the price continues to drop to $127-129, that’s the real low-entry opportunity.

The risk management bottom line is $126.5. If the price falls below this level, it indicates that the trend logic may have reversed, and a stop-loss must be executed. Conversely, if the price breaks above $135.5 directly, you can follow with a small position, but be sure to set a stop-loss for protection.

In the short term, a rebound testing 145-150 is expected, but from a larger cycle perspective, opening a short position might be a better opportunity. Remember — every sharp decline in a bull market is a signal to add positions, not a reason to panic. Trading is essentially about playing probabilities; only high-probability moves are worth participating in.