1. The current recommended strategy is to long on SOL spot, with a key entry point at 131.8. The expectation is for a small upward move to 152 and 170 for profit-taking. It is important to note that the price should not reach 170 prematurely, otherwise the strategy will fail, implying a risk of overextending the price. Sentiment is generally negative, with comments like "This SOL is garbage, sold it, made 6% profit," reflecting caution about further upside potential and a preference for taking profits now, waiting for a shift towards BTC. 2. Position and Risk Management Recommendations: Spot trading is recommended, avoiding leverage and contracts. Control position size, initially establishing a small position at 131.8. Profit-taking is a two-step process: first, sell half at 152 with a break-even stop-loss; then, liquidate the entire position at 170. Strict stop-loss is crucial; immediately cut losses if the closing price falls below 110 after the trade is executed, without hesitation. This strategy has time limitations; it is effective until 170 is reached, otherwise it becomes invalid. 3. Suitable for conservative medium-term swing trading, emphasizing "spot swing trading," and not suitable for aggressive short-term or long-term trend holding. The strategy suggests "Sell, earn 6%," and emphasizes "no hesitation, no lingering," stressing quick entry and exit to prevent overtrading. It has no obvious catalyst dependence, relying more on technical analysis and strict risk control, making it suitable for disciplined swing traders.
SOL: Summary of Discussions in the Sanma Spot VIP (Top-of-the-Point Strategy Effective) Community (17:00:05 ~ 18:00:05)
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Disclaimer: The content above is only the author's opinion which does not represent any position of Followin, and is not intended as, and shall not be understood or construed as, investment advice from Followin.
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