The price movement of Solana (SOL) has recently attracted the market's attention. From the daily chart, SOL is forming a converging wedge pattern, indicating that the pump momentum is gradually weakening and may soon reach a critical point.

At the same time, observing the relative strength index (RSI) at the four-hour level, we can see that the oversold phenomenon is quite serious. In this case, a four-hour level correction is likely to occur to correct the deviation of the technical indicators. However, after the correction, the market may once again pump, creating new highs.

Based on this technical analysis, around $228 may be a worth-follow short entry point. To control risk, a stop loss can be set at around $238, which corresponds to a 4% stop loss margin.

It is worth noting that some more aggressive traders may have established initial positions around $214 and plan to add to their positions at the $228 level. This strategy, while riskier, may also yield greater returns.

Overall, the short-term price movement of SOL may experience a pullback, but there is still potential to create new highs in the medium term. Investors should comprehensively consider technical factors, fundamentals, and their personal risk tolerance when making trading decisions, and set reasonable take-profit and stop-loss levels to cope with market uncertainties.