Holding SOL in this round has cost me at least $1 million. Looking back, it really feels helpless...
Yesterday morning I opened a coin-margined long position, but when I woke up in the morning I saw a "door" chart pattern... Forget it, I won't talk about it 😭
From the weekly chart level, we've reached the supply zone, which is also the neckline of this wave. But from a broader perspective, the adjustment still isn't in place yet. SOL once rose thanks to MEME tokens, but now the lack of liquidity and market funds in the secondary market has caused MEMEs to lose liquidity, so naturally SOL's advantage and price performance are no longer so impressive.
In the short term, I personally think 132 is still worth watching for a short-term trade. If it breaks below 135 and bounces back, just exit. You can try to aim for the 136 to 139 range.
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Holding SOL in this round has cost me at least $1 million. Looking back, it really feels helpless...
Yesterday morning I opened a coin-margined long position, but when I woke up in the morning I saw a "door" chart pattern... Forget it, I won't talk about it 😭
From the weekly chart level, we've reached the supply zone, which is also the neckline of this wave. But from a broader perspective, the adjustment still isn't in place yet. SOL once rose thanks to MEME tokens, but now the lack of liquidity and market funds in the secondary market has caused MEMEs to lose liquidity, so naturally SOL's advantage and price performance are no longer so impressive.
In the short term, I personally think 132 is still worth watching for a short-term trade. If it breaks below 135 and bounces back, just exit. You can try to aim for the 136 to 139 range.