Around $100 for $SOL
I think it's a good time to start buying.
SOL is currently around $101, having dropped about 3% in the past 24 hours.
I don't want to discuss the macro picture too much here.
What I'm more concerned about is that $SOL has returned to a good position for judging the risk-reward ratio:
$100.
If the bull market continues, Solana remains one of the main chains I believe is most likely to absorb on-chain transactions, Memes, and DeFi funds again.
Therefore, I won't be holding a completely empty position around $100.
I will buy half of my planned position first.
If the CPI is bad tonight, and SOL follows the market down to 95 or even lower, I'll be happy because I'll have a place to put the remaining half.
If it holds above $100 and rebounds, I won't have to chase it at $110 or $120 again.
I think it's a good time to start buying.
SOL is currently around $101, having dropped about 3% in the past 24 hours.
I don't want to discuss the macro picture too much here.
What I'm more concerned about is that $SOL has returned to a good position for judging the risk-reward ratio:
$100.
If the bull market continues, Solana remains one of the main chains I believe is most likely to absorb on-chain transactions, Memes, and DeFi funds again.
Therefore, I won't be holding a completely empty position around $100.
I will buy half of my planned position first.
If the CPI is bad tonight, and SOL follows the market down to 95 or even lower, I'll be happy because I'll have a place to put the remaining half.
If it holds above $100 and rebounds, I won't have to chase it at $110 or $120 again.