$SOL bloody red, I am trying to hold and avg down while keep | YonatanWu on Binance Square

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$SOL bloody red, I am trying to hold and avg down while keep away from liquidation, let’s see where the market will go 🥲

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📉 My Painful Lesson on $SOL I was greedy… on 18-Aug, SOL actually touched my entry price at $194 — I had the chance to close in break-even. But I didn’t. I thought “it will go higher.” Now, SOL look likely heading back to retest the strong support at 176.25, and my position has grown way too big due to averaging down. All I can do now is watch the chart every day and wait patiently. 🔑 Lessons Learned (the hard way): ❌ No Stop Loss: My first entry was $205. The drop came fast, and I was getting trapped so quickly. ❌ Ignoring the 2nd Chance: When price bounced back to my entry, I should’ve reduced risk. Instead, I was stubborn. ⚠️ Risk per Trade: Never risk more than 5% of total capital on a single trade. ⚠️ R:R Discipline: Only take trades with at least 1:2 Risk/Reward. I knew this… but broke my own rule. Now $SOL is traded around $179~180. What do you think? Will it hold this support or break even lower? I worry it seems like rising wedge pattern and rising wedges are often bearish patterns, especially if the strong support breaks. 💬 Share your thoughts below — let’s discuss and grow together.

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It is showing higher high and higher low showing healthy bullish structure, do you think possible to reach $200 soon?

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Update my Solana position😁 🚨 My Biggest Lesson Turned Into Opportunity 🚨 I made a huge mistake entering at $205… price dropped all the way to $183. Most traders panic here, but I refused to give up. I averaged down, pushed my entry to $194, and now the chart is finally moving back in my favor. You can say it is luck — but Solana is the next $ETH , fundamentals are still strong, I believe $SOL soon can reach All Time High. ⚡️ High transaction speed 💰 Low fees 🔥 Solid long-term momentum Now the chart looks like a healthy correction on 1D timeframe, and I’m aiming for the next resistance zone. 📈 You can take long position now (DYOR) • Entry : $191 – $192 • TP1 : $204 • TP2 : $210 • SL : $182 (adjust based on your R:R) Sometimes mistakes create the biggest opportunities — if you manage them with discipline. 💬 Anyway, I still need your advice! Drop your thoughts below ⬇️ And don’t forget to follow me so we can grow together in the crypto market 😁🚀 #CryptoIntegration #MarketTurbulence #HotJulyPPI #solana

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Why Crypto Dropped After the U.S. PPI Report? The latest U.S. Producer Price Index (PPI) data came in far hotter than expected — +0.9% MoM vs. +0.2% expected, and +3.3% YoY. This raised immediate concerns about persistent inflation and lowered the odds of a September Fed rate cut. Markets quickly priced in tighter financial conditions and risk assets, including crypto, caused many whales sold off and stay away from the market at this moment. Market Impact as current situation: $BTC : Rejected from ATH $124K, fell sharply toward the $117K–$119K zone. $ETH : Pulled back under $4,500 after trading above $4,700 earlier. $SOL : Dropped from the $210 area to ~$185–$190. The move was amplified by over $380M in liquidations within 24 hours, mostly from overleveraged long positions. Forced selling added fuel to the decline, creating the deep-red heatmap we saw across majors and altcoins. This wasn’t crypto-specific weakness — it was macro pressure. As long as inflation remains sticky, the Fed has little incentive to ease policy, which keeps volatility elevated across risk assets like crypto market. For traders, the lesson is clear: discipline and risk management matter more than just your technical analysis and predictions. Will the PPI index impact will impact longer than we thoughts? I hope it's not. #HotJulyPPI #MarketTurbulence #CryptoCPIWatch #Bitcoin #Ethereum

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UPDATE MY $SOL POSITION🚨 **Do you think now confirmed Breakout or Fakeout? 2 days ago on 14-Aug, I entered my $SOL long at 205 USDT… and yes, I’ve been holding through the dip all the way down, put all effort to average down and 3x my margin😅. It hasn’t been easy watching -100%++ ROI keep flashing on my screen (last night🤧), but that’s trading psychology — patience vs. panic. I'm not technical expert but now let’s look at the chart together 👇 🔹 Price finally broke out from the resistance zone around 188.5 🔹 Strong 07 bullish green candles + expanding Bollinger bands = potential breakout confirmation. 🔹But, Stoch RSI is already overheated (100 level)… meaning short-term pullback risk still real. ⚡ What I’m watching now: If $SOL $retests 188.5–189 and holds there → I’ll add confidence to my long since it has solid foundation going up. If it fails and closes back under 187 → this could be just a fakeout trap. 👉 What do you guys think? Will SOL continue the breakout to 192+ tonight? Or is this just another bull trap before more downside? 💡 Lesson for Futures traders: Sometimes it’s not about catching the perfect entry, but about managing risk, keep your account away from liquidation price, and only take further action on breakout confirmation. Good Luck and stay safe everyone!

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