š§ Ansem is getting cautious too: What should we watch when a crypto influencer changes tack?
A little after 5 a.m. Beijing time this morning, well-known Solana trader Ansem posted that heād been pretty bullish lately, but was now āmore cautiousā about the market.
Hereās the gist of what he said:
š¹ BTC, ETH, and SOL are all near key support levels
š¹ Shorting at these levels is especially tricky
š¹ Heād rather manage risk, take profits where appropriate, stay flexible, and avoid forcing trades
Within a few hours, the post had around 87,000 views, over 500 likes, and nearly 200 replies.
One interesting detail: Someone on X dug up an old interview from November 2023. Back then, SOL was around $56, and Ansem said that if SOL were repriced above $100, it would create a āwealth effect.ā Now SOL is hovering just above $100, after being pushed back from around $108 a few days ago.
My take:
A major influencer turning cautious isnāt a sell signal in itselfāhe also said that shorting here is difficult. The real lesson is the order of his actions: first recognize where the price is, then decide whether to add, take profits, or wait on the sidelinesāinstead of forming a view first and looking for reasons to justify it.
One more thing: That same day, he also posted about a synthetic BTC/ETH trading platform offering up to 1,000x leverage. Being ācautiousā and using high leverage can coexist, because a major influencerās positions and capital are completely different from yours. Itās easy to copy someoneās opinions; what you canāt copy is their position management.
If support doesnāt hold, how much can your current position withstand? Would you follow the influencer and reduce your position, or stick to your own plan? Letās discuss in the comments š
#BTC #SOL #äŗ¤ęåæå¾ #RiskManagement
A little after 5 a.m. Beijing time this morning, well-known Solana trader Ansem posted that heād been pretty bullish lately, but was now āmore cautiousā about the market.
Hereās the gist of what he said:
š¹ BTC, ETH, and SOL are all near key support levels
š¹ Shorting at these levels is especially tricky
š¹ Heād rather manage risk, take profits where appropriate, stay flexible, and avoid forcing trades
Within a few hours, the post had around 87,000 views, over 500 likes, and nearly 200 replies.
One interesting detail: Someone on X dug up an old interview from November 2023. Back then, SOL was around $56, and Ansem said that if SOL were repriced above $100, it would create a āwealth effect.ā Now SOL is hovering just above $100, after being pushed back from around $108 a few days ago.
My take:
A major influencer turning cautious isnāt a sell signal in itselfāhe also said that shorting here is difficult. The real lesson is the order of his actions: first recognize where the price is, then decide whether to add, take profits, or wait on the sidelinesāinstead of forming a view first and looking for reasons to justify it.
One more thing: That same day, he also posted about a synthetic BTC/ETH trading platform offering up to 1,000x leverage. Being ācautiousā and using high leverage can coexist, because a major influencerās positions and capital are completely different from yours. Itās easy to copy someoneās opinions; what you canāt copy is their position management.
If support doesnāt hold, how much can your current position withstand? Would you follow the influencer and reduce your position, or stick to your own plan? Letās discuss in the comments š
#BTC #SOL #äŗ¤ęåæå¾ #RiskManagement