I won't write an analysis today. Many people are looking at 100,000 and 130,000. If this is a bull retracement, what data supports it? Is there interest rate cuts, balance sheet reduction, and macroeconomic easing? Just to pull it up? Is it just to help those who were at the previous peak?
Alright, ignoring all that, let's assume it's a bull retracement. Will it shoot up more than 40,000 points like before Huang Mao came to power? Are we afraid to take the big move at 74,500 and charge aggressively at 95,000? I believe there might be 300,000 or 500,000 later, but that will be after several rounds.
Everyone knows I actually prefer to trade based on technical candlestick patterns. The news just amplifies the trend. Currently, if the 1-hour chart forms a consolidation between 91,700 and 95,000, that indicates a divergence in the trend. What's wrong with taking a few hundred points here? Even if we make a mistake, we must act! Isn't it normal for a bull retracement to correct by 7,000 to 8,000 points? How can we reach 130,000 or 150,000 without throwing everyone off the bus?
I'm not the type to only look in one direction. I adjust at any time, trading trend positions and short positions! At 74,800, I said I would do everything to reach 85,000 and 95,000, and everyone benefited from it. Yesterday, I also provided a short position at 91,700, which reached 95,000. What is the most common losing mentality among retail traders? It’s the fear of missing out!
That's all.
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Do you think the 145 SOL has flipped yet?