$SOL You useless piece of trash, you’re plunging nonstop like you’ve taken laxatives!
Damn SOL, this is absolute garbage. #大饼 and #以太 are still slowly sliding, bouncing back and forth. SOL has completely lost its floor—it’s like taking laxatives. This drop could seriously wipe people out.
The main reasons for this downturn:
①. The escalating war in the Middle East has weakened the broader market, dragging SOL down with it.
②. Large institutional investors are selling off huge amounts of their holdings and cashing out, leading to a lack of funds.
Looking at the current charts, SOL’s hourly trend continues to weaken, with no sign of a bottom. There hasn’t been a sharp wick down either, so there’s a good chance of a major move coming that will liquidate the longs who bought near the top.
On the daily chart, SOL has some support around 112. If a sharp wick reaches the 112.5–111 range and price manages to stop falling, find a solid bottom, and stabilize, you can enter with a small position to buy the dip. But if the bears keep firmly pushing prices down and break through support at 112, the market may test the lows again near 108.
Tangzhu’s advice: If you’re stuck in a long position, cut your losses in time—don’t stubbornly hold on. If you haven’t entered yet, don’t rush. Wait for another big move in the broader market and look for an entry to buy the dip. [Don’t worry, this year’s uptrend isn’t over yet.]
Trading strategy: Wait for a sharp wick down or enter in batches near 111.5 to buy the dip. Leave room to add to your position, set a stop-loss at 106, and target 120/130.
Be greedy when others are fearful. If you lack understanding, face reality.
#IMF称代币化市场仍小且碎片化 #NEARIntents用户付费超2900万美元
Damn SOL, this is absolute garbage. #大饼 and #以太 are still slowly sliding, bouncing back and forth. SOL has completely lost its floor—it’s like taking laxatives. This drop could seriously wipe people out.
The main reasons for this downturn:
①. The escalating war in the Middle East has weakened the broader market, dragging SOL down with it.
②. Large institutional investors are selling off huge amounts of their holdings and cashing out, leading to a lack of funds.
Looking at the current charts, SOL’s hourly trend continues to weaken, with no sign of a bottom. There hasn’t been a sharp wick down either, so there’s a good chance of a major move coming that will liquidate the longs who bought near the top.
On the daily chart, SOL has some support around 112. If a sharp wick reaches the 112.5–111 range and price manages to stop falling, find a solid bottom, and stabilize, you can enter with a small position to buy the dip. But if the bears keep firmly pushing prices down and break through support at 112, the market may test the lows again near 108.
Tangzhu’s advice: If you’re stuck in a long position, cut your losses in time—don’t stubbornly hold on. If you haven’t entered yet, don’t rush. Wait for another big move in the broader market and look for an entry to buy the dip. [Don’t worry, this year’s uptrend isn’t over yet.]
Trading strategy: Wait for a sharp wick down or enter in batches near 111.5 to buy the dip. Leave room to add to your position, set a stop-loss at 106, and target 120/130.
Be greedy when others are fearful. If you lack understanding, face reality.
#IMF称代币化市场仍小且碎片化 #NEARIntents用户付费超2900万美元