1. The current recommended direction is to short SOL, focusing on the downside potential after breaking below $100. A significant drop is expected, with a target of $58-$59. It is worth noting that the market may repeat the risk of a vacuum zone after breaking through key support in the previous round. 2. Position and Risk Management Recommendations: We suggest trying a short position with a small position size, maintaining a cautious attitude, and paying close attention to whether the price falls below $100 as a trigger signal; the stop loss can be set above $100, and the target take profit area is locked in the $58-$59 range. During this period, pay attention to dynamically adjusting the position size to prevent losses caused by overextending during a rebound. 3. Suitable for aggressive short short strategies, emphasizing that "a drop below 100 is a life-or-death window." It is not advisable to hold positions for too long, but to enter and exit quickly, taking advantage of the moment when key price support is broken to add to positions and seize the opportunity of accelerated decline during pullbacks. It is suitable for traders who are sensitive to the market and good at capturing reversal signals.
SOL: Summary of the Theophilus community discussion (11:00:10 ~ 12:00:10)
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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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