There is an old saying in the crypto circle: "Don't chase highs at the top indicator, and when the K-line turns around, get off the bus." Today, SOL's movement vividly demonstrates this principle.

In the early session, SOL surged from 138.2 all the way to 140.24. At that time, market sentiment was hot, and many traders were shouting about breaking the previous high. But looking at the 4-hour chart, the J value of the KDJ indicator was already close to 90, and the price also touched the upper band of the Bollinger Bands—these two signals combined basically indicate "bullish momentum is about to exhaust." Therefore, at the 139.8 level, I directly suggested taking partial profits in batches. Half an hour later, SOL retraced to 138.73, allowing the first batch of traders to easily realize a 1.5% intraday profit.

Regarding news, there were indeed reports this morning within the circle about an institution increasing its holdings of SOL, but that was more of an emotional catalyst. The real focus should be on the technical aspect: the MACD's DIF and DEA are still sticking above the zero line, and the green bars show no signs of expanding, indicating that the bearish force has not fully taken over. However, the red bars are shrinking, which hints that the bullish momentum is waning—that's the fundamental reason why chasing high is not recommended.

By noon, some traders shared their positions: entered at 138.5, sold half at 140, and wondered what to do with the rest. My advice is to hold tightly at the 138 support level; if it breaks, exit all positions. By 2 PM, SOL dipped to a low of 138.1. Although it didn't effectively break the support, the repeated oscillations around this level indicate the market is testing repeatedly. The key is whether it can hold above the rising trendline—only then can the bottom position be maintained; if it breaks, a decisive stop-loss is necessary.