The market doesn't lie: the network-wide account long/short ratio for $SOL is 3.36, and the 24h price change is -2.85%.
Prices are falling, yet longs still make up the majority. Many traders are buying the dip or holding onto their long positions, so watch for long stop-losses triggering a second leg down.
Sentiment indicators are useful as a reference, but shouldn't be used as the sole basis for decisions. Feel free to share any details you've noticed.
#SOL
Prices are falling, yet longs still make up the majority. Many traders are buying the dip or holding onto their long positions, so watch for long stop-losses triggering a second leg down.
Sentiment indicators are useful as a reference, but shouldn't be used as the sole basis for decisions. Feel free to share any details you've noticed.
#SOL
