Around 11:50 on January 22nd, SOL price is near 128.0.

From a technical perspective, the situation is quite tangled. The daily chart shows a continuous decline, with the price hugging the lower Bollinger Band, and RSI dropping below 40, indicating a clear bearish dominance. However, on the 4-hour chart, it has been oscillating repeatedly in the 126-132 range, with low volume but signs of bullishness. In the short term, the price is consolidating within this range; the key is to wait for one side to lose momentum and break the level, which will help determine the next direction.

**Key levels are these**: support at 126 and 124.5 below, with 122 as an important weekly support. Resistance at 132 is the first hurdle; if it breaks through, look at 135-137, and above that, 140 is a strong resistance.

**How to operate**:

If the price rebounds near 131-132, consider scaling into short positions, with a stop-loss above 133.5, aiming to bring the price back to 128 or 126. Conversely, if the price falls and stabilizes around 126-124.5, you can take lighter long positions, but the stop-loss must be below 122, with targets at 129 and 131. If a clear breakout occurs, don’t hesitate—if it breaks above 132, look for longs targeting 135 and 137; if it breaks below 124.5, look for shorts targeting 122 and 120.

**Risk management is crucial**: limit each position to a maximum of 5% of your account, with a stop-loss of 1.5%-2%. Don’t go all-in during this volatile period. Also, keep an eye on BTC; if it breaks its levels, SOL’s volatility could amplify, so be ready to reduce your positions decisively.