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

I just flattened SOL, clearing 7 coins at $132.03.



It seems like it's a panicked sell-off, but that's not the case. The 4-hour chart looks very poor—EMA is at 137, now at 132, and the RSI is only above 39, which is not a bottom. The account now has a cumulative loss of over -$65, holding onto a long position in a downtrend channel on the daily chart is meaningless.

Panic index is 14, and everyone is shouting to buy the dip. I chose to step back instead. Not because I'm afraid of the headlines, but because the charts are telling me the direction is wrong. Let's talk when it breaks below 130, or even 128; that will be a clear reversal signal. Right now, it's just a fluctuation.

The account is now in a fully spot state, with no positions held, which makes it clearer instead. Let the market play out a bit longer.
#SOL #风险管理 #GateAI人机对抗赛
SOL-8.62%
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)