Emergency notice! The SOL in your hands may still drop, but don't rush to sell and panic. I am Shengyi, an analyst with years of experience in the financial circle. Today I won’t beat around the bush; I’ll tell you directly: SOL has not finished dropping yet, you still have hope!
Why did SOL drop like this? The truth lies in the 'news' and 'technical' aspects!
Look, yesterday Bitcoin dropped directly below 86,000 USD due to expectations of interest rate hikes from the Bank of Japan and the turmoil in the Federal Reserve, leading to nearly 600 million in liquidations across the network! Can SOL remain unaffected? Impossible!
Now let's look at the technical aspects:
1-hour K-line MACD death cross, the yellow and white lines continue to push down below the 0-axis, indicating that the downward momentum has not been fully released. There is heavy pressure above, with 134 and 140 being resistance levels, and pushing past them is as difficult as climbing to the sky. What about support below? In the short term, look for 127-123, and further down is 117 or even 112. If you are still holding now, you may have to face the next wave of decline!
What to do if trapped at 135? Three steps to take to avoid getting deeper!
Step 1: Don't average down! Don't average down! Don't average down! It's important to say it three times. Averaging down in a downward trend means increasing your position and getting trapped further, making things worse.
Step 2: Set a stop-loss. If you are still holding, I suggest placing your stop-loss just below 123 to prevent falling to 117 and leaving you completely hopeless.
Step 3: A rebound is an opportunity to reduce your position. If SOL really rebounds to around 134, it is a good time for you to reduce your position or even close your position; don't be greedy!
I know you don't want to cut losses, but discipline is more important than luck — this is Shengyi's years of practical blood and tears summary!
In fact, there are not only two ways to get out of a position: 'cutting losses' and 'holding on'. I have a 'laddering method' that allows for gradual cost reduction through phased deployment, hedging light positions, and dynamic stop-loss strategies during a downturn, even quickly recovering during a rebound. However, the method is complex and requires one-on-one teaching. In last year's bear market, I used this method to help more than a dozen fans move from being trapped at a 40% loss to exiting with profits, including SOL players.
Being trapped is not scary; what is scary is being at a loss. If you want to know how to operate the 'laddering method' specifically, or want to see real cases of how Shengyi helped fans get out of positions, find Shengyi in the Binance chat room [1143032750] to get detailed strategies. The market is still turbulent, but you can wake up a step ahead of others!
I will update market interpretations, trading point reminders, and practical skills to teach you how to avoid traps every day. Trading is not gambling; it is a strategic game. What you lack is not luck, but someone who can analyze the market with you and help you make a plan.#solana $SOL
