$SOL has been in a distribution phase for a long time, and I’ve mentioned this to many people before.
Right now, SOL seems to have entered a major bearish trend, so a move back toward the $20–$10 range wouldn’t be unusual in a full downtrend cycle.
If you’re still holding, it’s important to have a clear risk management plan.
Personally, I opened a short around $120 and I’m considering additional positions as the downtrend continues.
