$SOL at $89, are you going to buy or not? Just do it.

Yesterday still in ICU, today directly in KTV.

An 8.5% big green candle, from 84 to 89, trading volume surged, MACD turned bullish, RSI climbed back from the abyss. The retail investors just crawled out of the panic of “SOL will go to zero,” and now they see someone in the group shouting “Bullish return, quick!”

But are you sure this isn’t just a fleeting rebound?

First: This rebound was “pushed up,” not “bought up.”

RSI on the 6-day cycle soared to 93.29—what does that mean? Overbought, extremely overbought.

In the past two years, every time SOL’s RSI broke above 90, it was followed by a 5-10% correction.

Second: Security vulnerabilities have not been fixed.

Drift protocol’s $280 million issue, Stabble DEX causing users to withdraw liquidity, Solana Foundation urgently launching a security plan—sounds like good news? No, it’s just a band-aid on a wound. On April 7, SOL spot ETF saw a net outflow of $15.4 million.

Third: The selling pressure in April has not fully arrived.

DBR unlocks $8.88 million on April 17, YZY unlocks $6.9 million on April 18, KMNO unlocks $4.11 million on April 30—totaling over $20 million in selling pressure, on the way.

Fourth: The macro environment is not on your side.

Interest rates frozen at 3.5%-3.75%, tensions in Iran, energy shocks, risk aversion spreading.

If BTC doesn’t stabilize above $80K, SOL dreaming of a bull run on its own? Dream on.

Fifth: Technical analysis, medium to long-term remains bearish.

Weekly chart shows a large bear flag from the drop from $294. The head and shoulders neckline at $107.65 has been broken, with a target of $73.

Today’s rebound is from a strong support at $80, **not a trend reversal**.

Short-term, you can go long, but don’t fool yourself into thinking the bull market is back.

1. Short-term traders:

Hold above $84, target $86.65-$88, take half profits at the target. Set stop-loss at $81.8, and exit if broken.

2. Aggressive traders:

Wait for a pullback to $80-$81 before considering low buying, don’t chase at $89 now. Those chasing the high, 90% will get wiped out at the top.

3. Long-term investors:

Below $78, add a position every 5% drop, target $120-$150 by year-end. But only if—you can hold through the volatility and not get shaken out in this correction.

This rebound is to reduce losses for those trapped, not for chasing highs.

Security vulnerabilities are not fixed, institutions haven’t returned, selling pressure is on the way—if you rush in, you’re just handing over the keys to the smart money.

Wait for $78 to buy the dip, chasing higher is just giving away money. #Gate广场四月发帖挑战 $SOL