1. The current recommended strategy is to short SOL, focusing on short signals around $110 (confirmation on a lower timeframe is needed), with the price expected to fall back to the February lows. There is no mention of overextended upward movement or tentative entry points; the outlook is clearly bearish with a pullback. 2. Position and risk management recommendations do not specify concrete position sizes, but suggest waiting for confirmation within a lower timeframe before entering the market. This is suitable for trial trades or small position sizes. The target price is the February low, which is suggested as a stop-loss reference. Stop-loss is not specified, but it is recommended to closely monitor the resistance level around $110. The trading cycle leans towards short to medium term, with key levels being $110 and the February low. 3. This trading strategy is suitable for aggressive short-term or conservative medium-term traders. It relies on high-timeframe major resistance levels and low-timeframe signal confirmation, emphasizing the "short at high levels" and "pullback to the bottom" approach. It is suitable for quick entry and exit, avoiding overtrading. There are no obvious catalysts; it is purely a technical analysis-based trading strategy.
SOL: Summary of the Lab-ken community discussion (22:00:10 ~ 23:00:10)
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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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