SOL contract recommendation, recently analyzed contracts using large models, with a high success rate. Personally, I suggest setting the stop-loss price for the coins recommended at a larger range.
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Trading Direction Recommendation
Recommended Strategy: Short after a short-term rebound, set strict stop-losses.
Reason:
1. Medium to long-term trend downward: Significant decline over the past 7 days to 1 year, bearish trend has not reversed.
2. Technical pressure:
- Current price is near the 24-hour high of 124.00 USDT, with strong resistance.
- MACD is in negative territory, RSI is not oversold, and the rebound lacks sustainable momentum.
3. Market sentiment: Sell orders slightly dominate, and the short-term rebound may be a bull trap.
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Specific Operation Plan
1. Opening Position:
- Ideal short entry point: 123.00-124.00 USDT range (near previous high resistance).
- Conservative short entry point: If the price cannot break through 122.00 USDT, consider entering in batches.
2. Stop-Loss Point:
- Strict stop-loss: 125.00 USDT (above previous high of 124.00 USDT, to avoid false breakout risk).
3. Take Profit Target:
- First target: 113.25 USDT (24-hour lowest support level).
- Second target: If it breaks below 113.25, look at 110.00 USDT (psychological level).
4. Position Management:
- Leverage should not exceed 5 times, to avoid volatility risk.
- If the price rebounds to the stop-loss level, exit decisively, do not hold the position.
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Risk Warning
1. Short-term rebound risk: If the price breaks above 125.00 USDT with volume, it may trigger short stop-losses and shift to a bullish trend.
2. Changes in market sentiment: Need to closely monitor BTC market trends and SOL chain ecosystem news (such as project collaborations, technical upgrades).
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Summary: Current technical indicators support shorting at highs, but strict adherence to stop-loss discipline is required to avoid counter-trend operations. If the price stabilizes above 125.00 USDT, a reassessment of the trend is necessary.
