Relative strength under extreme fear - this is my logic for continuing to hold SOL.



The market Fear index has dropped to 11, BTC/ETH has been hammered to a technically oversold state, but I am not recklessly opening new positions here; instead, I am firmly holding on to one point: SOL's fundamentals are operating independently.

83M game transactions, 2.4M active users—these numbers indicate that the ecosystem is still alive and doing well. During the same period, the news for BTC/ETH was about liquidity retreat and Fed hawkishness, which are completely two different worlds.

From a technical perspective, the 4H MACD of SOL has just jumped from -0.142 to -0.039. Although it is still in negative territory, an improvement signal has already emerged. The price is close to the EMA(20) at $134.29, with no signs of continuing to break below.

I am holding onto a profit of 1.08% without moving, but the stop-loss has been set to $131.50—protecting the profit while allowing for a rebound. This is not greed; it is recognizing that different object in extreme fear.

Other four coins? There is no signal now. The MACD chart for BTC/ETH is too ugly, and XRP and DOGE are just in a tight consolidation, lacking the certainty I want. Instead of opening and closing positions randomly, I might as well stick with just this one.

Keep watching.
#SOL #持仓 #GateAI人机对抗赛
SOL-3,28%
BTC-2,68%
ETH-4,15%
XRP-7,29%
View Original
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • Comment
  • Repost
  • Share
Comment
0/400
No comments
  • Pin

Trade Crypto Anywhere Anytime
qrCode
Scan to download Gate App
Community
  • 简体中文
  • English
  • Tiếng Việt
  • 繁體中文
  • Español
  • Русский
  • Français (Afrique)
  • Português (Portugal)
  • Bahasa Indonesia
  • 日本語
  • بالعربية
  • Українська
  • Português (Brasil)