$SOL The recent trend of SOL coin is concerning, as the spread of negative news is like dark clouds blocking the sun, leading to an increasingly significant overselling phenomenon, and the downward trend seems difficult to reverse. Although some small investors are still trying to find bottom-fishing opportunities in the trough and actively build long positions, making long trades at the current price point of 163 is undoubtedly filled with risks and challenges.
Market conditions are ever-changing, and we may soon witness the harsh reality of many large long positions being liquidated. Without strong positive news support, the possibility of SOL coin breaking below the 140 level this week should not be underestimated. At this moment, for investors seeking stable investments, shorting SOL coin may become a relatively safe and attractive option. Utilizing 5-10 times leverage and setting the stop-loss at 170 can effectively control risks while seizing potential market opportunities.
However, if the negative sentiment in the market continues to spread, SOL coin may face even more severe tests, and it might set a new low record for this year. It is undeniable that there is already a market bubble for SOL tokens, with a large number of chips held by altcoin market makers and speculators. Once the bear market strikes, and Bitcoin continues to decline, altcoins are bound to follow suit, and holders of SOL tokens may face immense liquidation pressure.
In this situation, the future trend of SOL tokens is worrisome. If a wave of liquidation really comes, SOL coin may usher in an even more severe drop, potentially breaking the psychological barrier of 120. In this financial storm, every investor should remain calm and rational, carefully assess risks and returns, and make the most informed investment decisions.