$SOL

How can SOL be operated now to profit?

Altcoin Season Probability Assessment

1. Market Sentiment:

- The rise of Meme coins like PEPE/DOGE reflects an increase in risk appetite, but as a mainstream public chain token, SOL needs to observe whether funds continue to flow into the altcoin sector.

- The long-short ratio has risen from 11 to 17.7, indicating a dominant bullish sentiment, but high leverage may exacerbate volatility.

2. Key Signals:

- If BTC consolidates or slightly retraces, and SOL continues to lead, the probability of an altcoin season will increase.

- Caution is needed for a sudden drop in BTC that triggers a correlated retracement.

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Operation Suggestions

Short-term Strategy (1-3 days):

- Bullish Opportunity:

- Entry Conditions: Price stabilizes above $173 (MA7 support) and RSI(6) < 75.

- Target: $180.26 (previous high), looking at $190-200 after a breakout.

- Stop Loss: Below $168.72 (24h low) or MA25 (around $160).

- Bearish Opportunity:

- Entry Conditions: RSI(6) > 80 or price drops below $170.

- Target: $160-165 (MA25/MA99 support zone).

- Stop Loss: Replenish after breaking above $180.26.

Medium to Long-term Strategy:

- If an altcoin season is confirmed (e.g., SOL/BTC exchange rate breaks previous high), consider gradually accumulating long positions, targeting historical highs (260 dollars).

- If BTC weakens leading to a market correction, wait to accumulate in the $140-150 range.

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Risk Warning

1. Leverage Risk: The current long-short ratio is as high as 17.7, extreme leverage can easily trigger liquidation and cascading failures.

2. Market Correlation: Closely monitor BTC's movement; if BTC falls below $60, SOL may drop 10%-15%.