Solana is about to unlock approximately $3 billion worth of tokens, which sounds alarming, but it feels like the panic has been somewhat exaggerated. Additionally, a significant number of positions have actually been liquidated recently. If you're looking at the medium to long term, I still suggest being bullish on SOL!
🚀 $SOL Long-term swing trading strategy 📊
For beginners, leverage should not exceed 10 times to avoid taking on excessive risk in this uncertain market environment. If you're not particularly sure about market trends, you can choose to reduce leverage to protect your investment.
🔹 Entry points:
$139 (2% of total portfolio)
$132 (3% of total portfolio)
These two entry points are based on the current market trend of $SOL, support levels, and the amount of funds set to be unlocked. Due to the potential pressure from the unlock, it's advisable to enter in batches to avoid the risks of a one-time purchase.
🔹 Take profit points:
TP1: $146 (first take profit) TP2: $153 (second take profit) TP3: $160 (third take profit)
After the unlock, the price may experience short-term fluctuations, so it's recommended to set staggered take profit points to gradually realize gains. If the price breaks through these target levels, further adjustments to the take profit strategy can be considered.
🔹 Stop loss point:
SL: $125 (uniform stop loss)
If the unlock event triggers price drop pressure or market sentiment changes, a stop loss is to protect your principal. If the price falls below this level, timely stop loss and exit.
💡 Note: Investment carries risks, especially in the cryptocurrency market, which is even more pronounced in the context of large unlock events, increasing market uncertainty. This analysis is for reference only and does not constitute investment advice. Everyone should invest rationally based on their risk tolerance.