$SOL 120 Long position trapped? Gongming shows you how to survive!
Guys, SOL is currently at 110. You chased a long at 120 and are now down 10 points. Panicking? Take Gongming’s advice: don’t just wait around hoping to break even!
SOL plunged from 123.77 all the way to 105.61. Capital flow data shows major players are pulling out aggressively! There was positive news today that “block production time has been reduced to 200 milliseconds,” but that won’t solve the immediate problem—the news can’t fend off selling pressure in the short term. The RSI is currently around 39, so an oversold bounce could happen at any time.
A plan to recover your losses:
Trim your position on a bounce and trade the swings: If it rebounds to the 113–115 resistance zone, decisively reduce your position by one-third. With some cash freed up, buy back around 105–107, trading back and forth to bring your average cost below 115.
Use a strict stop-loss: If it breaks below the previous low of 105.61, you must cut your losses decisively; otherwise, the 100 level may not hold!
Want to know whether 105 is really a rock-solid bottom? Follow Gongming, bring your position details to 聊天室, and Gongming will walk you through filling in this hole! #Solana计划将出块时间缩至200毫秒
Guys, SOL is currently at 110. You chased a long at 120 and are now down 10 points. Panicking? Take Gongming’s advice: don’t just wait around hoping to break even!
SOL plunged from 123.77 all the way to 105.61. Capital flow data shows major players are pulling out aggressively! There was positive news today that “block production time has been reduced to 200 milliseconds,” but that won’t solve the immediate problem—the news can’t fend off selling pressure in the short term. The RSI is currently around 39, so an oversold bounce could happen at any time.
A plan to recover your losses:
Trim your position on a bounce and trade the swings: If it rebounds to the 113–115 resistance zone, decisively reduce your position by one-third. With some cash freed up, buy back around 105–107, trading back and forth to bring your average cost below 115.
Use a strict stop-loss: If it breaks below the previous low of 105.61, you must cut your losses decisively; otherwise, the 100 level may not hold!
Want to know whether 105 is really a rock-solid bottom? Follow Gongming, bring your position details to 聊天室, and Gongming will walk you through filling in this hole! #Solana计划将出块时间缩至200毫秒