SOL: Summary of Binance Killers Community Discussion (07:00:10 ~ 08:00:10)

1. Current recommendation: Short$SOL. $SOL has broken below the downtrend line support and accelerated its decline. The current rebound is a technical pullback after the sharp drop, not a structural recovery. As long as the price remains below the broken trend line, the downside risk continues. This is a distribution phase, not accumulation, so do not blindly trust the rebound. It is clearly stated that "a rebound is a window to escape," and long or making tentative entries is not recommended. 2. Position and Risk Management Recommendations: It is recommended to use a light short short or hold existing short positions, avoiding heavy positions to prevent losses from rebounds. The risk remains to be seen; therefore, strict stop-loss orders are advised. The stop-loss should be placed before the price retraces above the downtrend line to confirm a bullish signal. While no specific timeframe is mentioned, close monitoring is needed to determine if the price breaks below the trend line to confirm further declines. 3. Suitable for Trading Styles: This strategy is suitable for aggressive short-term and trend-following traders. It emphasizes quick entry and exit, utilizing rebounds to exit positions rapidly. It is not advisable to hold positions for extended periods or for medium- to long-term investment. Without clear catalysts, and given the current environment being a distribution phase, chasing rallies carries significant risk. It is recommended to remain highly vigilant and short with the trend.