SOL: Summary of Discussions in the Shuqin Mute Group (17:00:09 ~ 18:00:09)

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1. Current Recommended Direction - We recommend long on SOL. Considering that BTC rebounded from the strong support level of 58,000-60,000, we expect a large rebound in the short term, with a 10% increase already achieved, indicating that the initial position building was successful. - There was no mention of short or waiting and seeing; the clear inclination is to buy on dips and seize rebound opportunities. 2. Position and Risk Management Recommendations - It is recommended to buy heavily. The demonstration operation is to buy 200,000 USDT worth of BTC and SOL, fully investing to buy the dips. It is emphasized that "buy at the buy the dips with cash on hand" and "start buying with a large position starting from more than 50,000 USDT". - There are no specific profit-taking or stop-loss points, but considering the BTC rebound target of 67,000 to 70,000 or more, it is advisable to consider locking in profits in batches in the short term. - This suggests a risk of a double bottom, so it is not advisable to chase the absolute bottom. It is recommended to start with a heavy position when the price is around 50,000, reflecting a stable position layout. 3. Adapt to trading styles - Suitable for stable medium-term trend investment, based on the structural opportunity of the mid-term rebound of BTC in the mid-term bear market, and in tandem with the rise of SOL. - Combining "staying up all night to analyze the market" and "successfully buy the dips" demonstrates a certain ability to capture short-term opportunities, but the core strategy is to position for trend rebounds. Blindly chasing highs or frequent trading is not recommended. The strategy emphasizes real-time market monitoring and waiting for a downtrend short, indicating that operations should be flexible in response to market changes and that it is not advisable to be greedy and hold positions for too long.

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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