SOL recent volatility has been quite significant, so I want to share a relatively practical trading approach.
**Short-term perspective**: The main idea is still leaning bearish. If the price rebounds to around 139–139.5 and encounters resistance, consider entering a position with a stop-loss above 140, aiming to return to the 138–138.5 range. Of course, if you want to try counter-trend long positions, you can enter a small position when the price stabilizes around 138–138.3, but in this case, set the stop-loss below 137.5 and target profits at 139.5–140.
**Medium to long-term view**: I tend to stay on the sidelines or hold a small short position. The overall trend is currently weak, so blindly bottom-fishing is not recommended. If the price rebounds to the 142–144 range, consider a moderate short position. Conversely, if the price breaks below 138.0 and confirms a downtrend, you can lightly chase the short with a target of 135–132.
Where is the turning point? When the price stabilizes above 144.0 and the MACD shows a bullish crossover, it might be time to switch to a long strategy. Overall, this coin has been quite volatile recently, so be sure to set your stop-loss strictly to prevent a pullback from wiping out your capital.
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HappyMinerUncle
· 14h ago
It's the same strategy again, short after a rebound at 139.5 when it cools down, this move is indeed stable.
SOL this wave is a bit annoying, I feel it's mainly about whether it can hold above 144.
Brothers who didn't set their stop-loss properly are going to have a tough time this time; the pullback is really ruthless.
If 144 isn't broken, I will continue to watch patiently; there's no rush.
If it drops below 138, I will directly short; I can accept this logic.
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PanicSeller
· 15h ago
Damn, I have to hit the precise timing again. This round really tests my patience.
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StealthDeployer
· 15h ago
SOL this round is indeed a bit torturous. Your reasoning is reliable, but I still think the 144 level is a bit uncertain, and the MACD golden cross can't be fully trusted.
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SnapshotDayLaborer
· 15h ago
Well, this analysis is detailed enough, but I still think the key level at 138 can't be held.
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Another set of stop-loss plans, the key is whether the execution is strong enough.
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Short positions are tempting, but the probability of a reversal above 144 is underestimated.
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I want to see if the MACD golden cross will really occur; it feels a bit too idealized.
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Setting strict stop-losses sounds simple, but in practice, the psychological defense line is the easiest to break.
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How was the 138.3 level determined? Does it have any special significance?
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Can we really short after bouncing back to 144? The rebound this time doesn't seem that weak.
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The thinking seems clear, but SOL's recent movements don't seem to follow the usual pattern.
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MeaninglessApe
· 15h ago
138 is the key level, breaking it directly shorts down to 132. The rhythm of this move needs to be well controlled.
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PerpetualLonger
· 15h ago
Trying to short again? Bro, I advise you, in this kind of market, you should be fully long and buying the dip.
Hold your position and don't sell; a breakout above 144 is a signal of a big bull market. The bearish retail traders are just lying again.
138 was the perfect point to go long already. Why are you still hesitating on stop-loss? Only with strong conviction can you break even.
This time, you must break through, or how can we turn the situation around?
Forget it, if you love shorting, go ahead. I'll keep adding to my position and wait for the bull market.
SOL recent volatility has been quite significant, so I want to share a relatively practical trading approach.
**Short-term perspective**: The main idea is still leaning bearish. If the price rebounds to around 139–139.5 and encounters resistance, consider entering a position with a stop-loss above 140, aiming to return to the 138–138.5 range. Of course, if you want to try counter-trend long positions, you can enter a small position when the price stabilizes around 138–138.3, but in this case, set the stop-loss below 137.5 and target profits at 139.5–140.
**Medium to long-term view**: I tend to stay on the sidelines or hold a small short position. The overall trend is currently weak, so blindly bottom-fishing is not recommended. If the price rebounds to the 142–144 range, consider a moderate short position. Conversely, if the price breaks below 138.0 and confirms a downtrend, you can lightly chase the short with a target of 135–132.
Where is the turning point? When the price stabilizes above 144.0 and the MACD shows a bullish crossover, it might be time to switch to a long strategy. Overall, this coin has been quite volatile recently, so be sure to set your stop-loss strictly to prevent a pullback from wiping out your capital.