1. The current recommendation is to long around the SOL price of 129. This does not mention overextending the price or waiting for a pullback; it's a tentative entry point. The strategy is clearly bullish, waiting for the price to gradually move towards the distribution level. 2. Position and Risk Control Recommendations: Use a fixed position size of 3%, leverage controlled at 5x, and strictly set a stop-loss below 125. Take profit in three steps: first, sell 50% at the initial take-profit level, setting a break-even stop-loss; second, sell 30% at the final take-profit level; third, sell the remaining 20%. The specific exit points are 136.38, 150.38, and 166.47. 3. This trading strategy leans towards a conservative short- to medium-term approach, emphasizing a 60% win rate and a 2:1 profit-to-loss ratio. Risk management is prioritized over profit, making it suitable for a conservative trading style that emphasizes strict stop-loss orders and phased profit-taking. Without clear catalysts, quick entry and exit are advised to avoid holding positions for too long.
SOL: Summary of the discussion in the Bidaoge community (17:00:06 ~ 18:00:06)
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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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