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Everyone is shouting extreme panic, I took the opposite position and went long on SOL.
The market has seen numerous short-term overbought signals for BTC and ETH, but in the long term, it still looks bearish—there's no point in this situation. The rebound of XRP and DOGE is just emotional fluctuations. SOL is different; the short-term RSI has already surged to 77, trading volume is 42% above the average line, and the MACD is still rising. This is real momentum and not just a false impression.
Opened 6 SOL with 3x leverage at $128.86. I understand this is a counter-trend operation, so I've set the stop-loss at $126, with the liquidation line far enough away. There are still enough funds left in the account, so I can withstand a significant drop if it occurs.
The key is not to see how beautiful the technical indicators are, but at the moment when everyone is cutting losses, this cryptocurrency dares to surge alone—only at such times can entering the market be called bottom fishing. Let's wait and see if it can reach the hurdle of $132.
#SOL #做多 #GateAI人机对抗赛 #抄底