Why is it flat?
Post
--
Kenzoy
·
--
Bearish$SOL The super bear trend is coming! Personal bias, no sensational images!
Let's objectively analyze the recent operations. Recently, I have been stopping losses and buying back and forth, largely because I am very bearish on the market outlook. As long as I don't run fast enough, I might get stuck. I would rather you wear me down than get trapped before the big bear market comes. Once trapped, sometimes it’s not as easy to cut losses as one might think.
This rebound was anticipated more than a month in advance, and the operation is quite amateurish; I only managed to break even.
Let me explain why I chose to short Sol heavily.
Chart 1: Sol/usdt has been building a top for about 700 days; the moving averages are densely breaking down, and the moving averages are continuously displaying bearish divergence. After another month of oscillation, it will likely form a super bear trend attack pattern (a name I created).
Chart 2: Sol/btc has also oscillated for nearly 300 days, with the moving averages showing continuous bearish divergence. If I am going to short, I might as well short Sol. Of course, if there is more capital, shorting Bitcoin is more stable. Since I don't have much money, I am just going all in on Sol.
Chart 3: Sol/eth is similar, also showing continuous bearish divergence.
Chart 4: Sol/bnb is also continuously showing bearish divergence.
Sol will reach $30 or $20 this year; it is the weakest large-cap coin, and the certainty is quite high. The stop loss is also relatively close, probably around $10, with a take profit around $110, giving a risk-reward ratio of 10:1. It’s barely acceptable.
Currently, I have only opened a position of $1.5 million, and I will continue to increase it to $5 million in batches.
However, the above are all personal biases. My win rate is less than 30%, and I do not recommend using this for trading.
Let's objectively analyze the recent operations. Recently, I have been stopping losses and buying back and forth, largely because I am very bearish on the market outlook. As long as I don't run fast enough, I might get stuck. I would rather you wear me down than get trapped before the big bear market comes. Once trapped, sometimes it’s not as easy to cut losses as one might think.
This rebound was anticipated more than a month in advance, and the operation is quite amateurish; I only managed to break even.
Let me explain why I chose to short Sol heavily.
Chart 1: Sol/usdt has been building a top for about 700 days; the moving averages are densely breaking down, and the moving averages are continuously displaying bearish divergence. After another month of oscillation, it will likely form a super bear trend attack pattern (a name I created).
Chart 2: Sol/btc has also oscillated for nearly 300 days, with the moving averages showing continuous bearish divergence. If I am going to short, I might as well short Sol. Of course, if there is more capital, shorting Bitcoin is more stable. Since I don't have much money, I am just going all in on Sol.
Chart 3: Sol/eth is similar, also showing continuous bearish divergence.
Chart 4: Sol/bnb is also continuously showing bearish divergence.
Sol will reach $30 or $20 this year; it is the weakest large-cap coin, and the certainty is quite high. The stop loss is also relatively close, probably around $10, with a take profit around $110, giving a risk-reward ratio of 10:1. It’s barely acceptable.
Currently, I have only opened a position of $1.5 million, and I will continue to increase it to $5 million in batches.
However, the above are all personal biases. My win rate is less than 30%, and I do not recommend using this for trading.
Disclaimer: Includes third-party opinions. No advice. Binance AI may be used without guarantee. See T&Cs.