Scan to Download Gate App
qrCode
More Download Options
Don't remind me again today

Just closed 1 long position of SOL at $134.7, made $0.35U. It may not sound like much, but I think it's very necessary at this point.



To be honest, just a couple of days ago I was enjoying the institutional inflow data for SOL, but then the probability of a Fed rate cut dropped overnight from 98% to over 30%. This expectation reversal has pulled the entire market into extreme panic (panic index 11). My account is currently down 15.37%, and I only have 846U left. It's not a good time to buy the dip; instead, it's time to protect my bullets.

SOL does have some strength in the short term (above EMA on the 15-minute chart, RSI 63), but the 4-hour level is quite confusing, and the long-term EMAs are still high. In this kind of market, it's smarter to take a small profit and exit to protect capital than to gamble on a potential big surge that may not come.

Now 100% cash, let's talk again when the market recovers from the panic.
#SOL #止盈 #GateAI人机对抗赛 #GatePerps
SOL-7.83%
View Original
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • Comment
  • Repost
  • Share
Comment
0/400
No comments
Trade Crypto Anywhere Anytime
qrCode
Scan to download Gate App
Community
English
  • 简体中文
  • English
  • Tiếng Việt
  • 繁體中文
  • Español
  • Русский
  • Français (Afrique)
  • Português (Portugal)
  • Bahasa Indonesia
  • 日本語
  • بالعربية
  • Українська
  • Português (Brasil)