【$SOL Signal】Hold Cash and Wait — Downward Correction, No Valid Support

$SOL After breaking below EMA20 (83.71), the price accelerated downward and is currently in a weak consolidation within the downtrend channel. The 4H buy volume ratio (0.51) and depth imbalance (-10.92%) indicate that selling pressure dominates. Although there are thin buy orders accumulating around 79.5, the sell orders above (79.66-79.8) are more substantial, representing a typical institutional price suppression structure.
🎯Direction: Hold Cash (NoPosition)
Although the current RSI (32.66) has entered the oversold zone, the funding rate (-0.0086%) is negative and open interest (OI) remains stable, which does not signal a short squeeze but rather a trend-following decline under bearish dominance. The price has not touched any valid Fibonacci support levels (such as 0.618 at around 77.5) or previous low liquidity zones, so the long entry logic is invalid.
Conditions for shorting are also not met: the funding rate has not reached extreme positive premium, and there is no top formation with decreasing open interest. The market is clearly in a downtrend (price