1. Current recommendation leans towards short, as the weekly downtrend for SOL remains intact, and a downward breakout is more likely after consolidation. Short-term focus is on 89.5 and 86.5 as trigger points, with a preference for short in line with the trend. While a long position might be considered if the price breaks through key resistance levels (80.6 and 96), the current outlook is more bearish, and 80.6 is not considered a bottom. The macroeconomic environment is unfavorable for risk assets; if BTC weakens, SOL has significant downside potential, with an initial target of double digits. 2. Position and Risk Management Recommendations: It is recommended to hold trend-following positions, but with short positions slightly larger than long positions. The operation is challenging, requiring close attention to key trigger prices on the weekly and daily charts (80.6, 89.5, 86.5, 96). There are no clearly defined stop-loss or take-profit points, but trend-following is emphasized to avoid being shaken out by market fluctuations. Monitor the S&P 500 index and BTC movements as risk management references. 3. Suitable for trend investors, relying on weekly and daily trend judgments, with a slower trading pace and requiring patience in holding positions. It is difficult to engage in aggressive short-term trading. It is advised not to frequently attempt right-side trading, and to focus on following the trend. Quick in and out can easily lead to being shaken out by market fluctuations.
SOL: Summary of Advanced Bitcoin Community Discussions (18:00:09 ~ 19:00:09)
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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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