$SOL Are you still stuck at a high position? Can't bear to cut losses?
The reason for shorting internally yesterday was due to the Nasdaq's sharp drop of 1.46%, with Nvidia plummeting by 3.5%. SOL, as a 'high beta asset', followed the decline rather than rising! Coupled with increased trading volume, the shrinking volume during the rebound indicates that funds are only fleeing and not entering, purely a bear pattern of 'increased volume decline, decreased volume rise'!
For spot traders:
Try long positions lightly around $173, but must cut losses if it falls below $170! Want to add to your position? Wait for Powell's speech tonight!
For contract traders:
Open a short position above the current price of $180, stop loss at $185, target at $160; absolutely do not go long! Betting on a rebound = catching falling knives
Long-term layout: The SOL ecosystem has not collapsed, and the Hong Kong OSL exchange has launched SOL trading pairs, but need to wait for a weekly stabilization signal! Can buy at the bottom!
Take advantage of the interest rate cut expectations in speculation; the next wave will bottom out at an epic level, catch the trend! Expected 5-10 times!
