1. The current recommended strategy is to short SOL, focusing on the key support level of $100. A break below this level would trigger a significant drop, targeting the "vacuum zone" around $90. This suggests extremely pessimistic market sentiment, with the potential for a 90% decline. Be wary of a "price surge trap." 2. Position and Risk Management Recommendations: We suggest a small short short, focusing on the $100 price level. Add to the position if the price breaks below $100. Set a stop-loss above $100 to avoid being caught in a false breakout. The recommended trading strategy is to enter with a small initial position and gradually add to it, avoiding a large single position. Use quick stop-loss and take-profit orders for short-term trades; avoid holding positions for too long. 3. Suitable for aggressive short-term and trend-following trading styles, enabling quick entry based on key support breakout signals. Emphasizing "a drop below 100 means a blank space below," it is not suitable for conservative holding. Quick entry and exit are advised; be wary of rebounds as potential escape windows. Suitable for speculators seeking to capitalize on accelerating declines.
SOL: Summary of the Theophilus community discussion (08:00:10 ~ 09:00:10)
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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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