At the request of fans, let's talk about SOL⚠️
Everyone knows that SOL has always been on my spot trading list. I bought in at 18U and sold at 120U, then bought back at 125U and sold at 270U. This coin has made me profits of several times, but aside from key moments when I bought the dip, I rarely write articles about SOL.
This is mainly due to certain characteristics of SOL that, although it has been very profitable for me, makes it unsuitable for frequent trading. My articles generally reflect my real trading, and if I’m not trading, I won't write. This leads to the fact that although I profit a lot from SOL, I write about it infrequently because the nature of this coin determines that it is suitable for long-term trend trading. Its price fluctuations can be very substantial, with huge profit potential, but frequent trading is unnecessary.
⬇️ Below are some summarized trends for you. The trading strategy for this coin is characterized by significant fluctuations, with a downturn cycle capable of dropping 50% to 60%📉
An upward cycle can also double in value📈
Thus, this coin generally experiences large swings; if you buy near the lowest point, you can usually hold a long position for one to two months until it completes the upward cycle📈 to realize your profits💰.
The downturn cycle is similar; a downturn usually results in a substantial drop, with stable declines lasting one to two months📉, and then dropping to the bottom, allowing you to take profit on your short position💰.
Therefore, it is very clear that this coin does not require frequent trading. This is also the reason why I write less about it but earn more. If you buy at the lowest point, don't overthink and check on it daily; just hold it for one or two months and sell at the peak to take profit.
Shorting is the same; the entire downturn process📉 is very smooth, slow, and fluid, with long downturn cycles. Holding a short position usually lasts about a month. Thus, this coin actually has a very large volatility space, which means it has a huge profit potential. Whether in spot trading or contract trading, it is a very profitable coin. However, be cautious: due to the high volatility, the stop-loss space should be slightly expanded, and frequent trading should be avoided. Leave enough room for averaging down. Once you complete bottom buying and top shorting, definitely do not trade frequently; just wait for the cycle to profit.
$BTC
$SOL