SOL 4-hour chart shows increased volume and declining price. After a bearish engulfing, where is the key support?

[Crypto World] Been watching SOL’s 4-hour chart, the recent price action is quite interesting.

From noon on December 7 until now, the price had a small rally, then gave back the gains after 4pm—a classic bearish engulfing pattern: it closed with a red candle, with the close directly below the open. The key thing is the trading volume: it’s clearly increasing over the past few hours, but the price is dropping. This “rising volume, falling price” setup basically means selling pressure is building.

Breaking down the technicals: MACD isn’t showing a clear direction; the histogram is still above zero, but shrinking in size—bullish momentum is fading. KDJ is currently at 41, no golden cross or death cross, sitting in the neutral zone. Combined with the gap and the downtrend features, the short-term bias leans bearish.

Key levels to watch:

• Support below is at 129.0, which is the second line of defense, and then 132.03 is the recent low
• Resistance above is at 139.0—a breakout there could target the previous high at 144.67

For positioning: aggressive traders could try a long around 132.03, conservative ones can wait for 129.0, with a stop loss set at 131.37—don’t hesitate. On a rebound, 139.0 and 144.67 are levels to reduce positions; for shorts, set stop loss above 145.39. Honestly, it’s a bit of an awkward spot right now, so waiting for a clearer direction may be safer.