"This time we really are going to get rich, institutions are buying crazily, MACD golden cross, the technicals are perfect." Now looking at it today, he deleted his Moments.
This is the true portrayal of $SOL right now.
First, the good news. The SOL ETF is indeed madly attracting capital, with a net inflow of 8.43 million dollars, of which Bitwise alone attracted 7.69 million. MACD has indeed golden crossed, with a histogram of 0.35, and the technical indicators look quite beautiful. Many people get excited when they see this, thinking a bull market is coming.
However, data does not lie.
There is still 310 million dollars of SOL on the Alameda side that hasn't been sold off. Moreover, they have already started to move, having sold 15 million dollars just last week.
Upexi, a Nasdaq-listed company, has lost 164.5 million dollars because of holding SOL. When this kind of news comes out, retail investors' mentality immediately collapses.
I have recently observed many SOL holders. Those who chased high at over 200 dollars are still stubbornly holding at 80 dollars, shouting "diamond hands" in the group every day. Those who bought at 80 dollars want to run as soon as they see 82 dollars.
The more they lose, the less they dare to sell; the less they earn, the more they want to run.
From a technical perspective, 80 dollars is a key position. If it holds, it may rebound to 82-85, but if it doesn't hold, we need to look at 78 or even 76. But technical analysis is really limited in this market environment.
If you are still all in on SOL right now, I can only say, I hope your judgment is correct. But if you have already made enough profit, you can really consider cashing out.
Short-term trading strategy
Buying point: You can try to accumulate in batches between 80 and 81 dollars.
Take profit target: Short-term resistance is at 82.25 dollars; if broken, you may see the 84-85 dollar area.
Stop-loss setting: Strictly set below 78 dollars to avoid further downside risk.
