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The SOL technical aspect shows a weak pattern, with prices running below the short-term moving averages. Each rebound quickly falls back, and shrinking volume indicates capital outflow. There is still space for further decline, and if it rebounds to the resistance zone, it is advisable to short.
Operational suggestion: Short around 132-135, targeting 125-122. If it breaks down, continue to target lower. #加密市场观察 #加密市场反弹 $SOL $BTC $ETH
Understanding the Relationship Between Trading Volume, Price, and Open Interest (Good Stuff to Collect and Forward)
Understanding the relationship between volume (trading volume), price (price), and open interest (position) is fundamental to futures trading. These three combined can help you see whether the market is 'real money in battle' or 'bluffing'. This logic mainly applies to the futures and contract market (because spot only has volume and price, without the concept of open interest). To make it easier to understand, I use a battlefield metaphor of 'two armies confronting each other' to explain. Part One: Core Concepts (Battlefield Metaphor) 1. Price: The direction of the front line (whether the bulls or bears have won).
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Listen to my advice, continue to hold steady and well
When I sent out this order yesterday, some fans thought it was too early. I also replied with my thoughts because I have missed many opportunities by being overly cautious. This time, it's just about dealing with losses, and I didn't even enter my own replenishment position, so I estimate that stopping losses won't be that easy. I can only say that I want to seize every opportunity I see. Of course, I am not 100% correct; I just hope that when I make a mistake in direction and my brothers are following to eat bamboo shoots, they can scold me lightly and show some mercy.
In terms of operations, if it falls below 3000, directly increase positions. If you are not familiar with increasing or decreasing positions, when it falls below 3000, you can open a USDC order. Having two orders will not merge, allowing for separate operations, which can be helpful for newcomers who have not traded before.
Next, I would like everyone to call out the price of Ethereum after the market opens on Monday. The more people there are, the more accurate the price will be $ETH {future}(ETHUSDT)