Hedging SOL (Solana) Amid Pullback

i’m looking at hedging strategies with Solana (SOL) as the market pulls back. SOL is down about 5.5% on the session, trading near 202.64 after a high of 217.95 and a low around 199.86. with this kind of move, i’m focusing on risk management rather than chasing strength. Solana’s recent price action alongside the broader crypto pullback suggests hedging could help protect downside while keeping exposure to potential upside if conditions improve.

the price range and the current pullback imply volatility remains, so i’m prioritizing positions that reduce risk rather than aggressive accumulation. SOL’s ecosystem remains active, but the immediate setup favors caution: lower highs and tighter ranges indicate a potential continuation if buyers don’t step in soon. for hedging, i’d consider strategies that limit downside while preserving liquidity to act if the trend reverses.

in my view, hedging with SOL should be part of a broader risk framework. consider size, time horizon, and acceptable drawdown. if you hold SOL, you might offset with stablecoins or diversify into other layers 1s to reduce single-asset risk. if you’re new, avoid adding speculative exposure in this environment and wait for clearer signals before increasing net exposure to SOL.