From the daily chart, SOL currently shows a continuous downward trend. In this context, occasional rebounds are easily turned into trap for the bulls. Technical analysis indicates that the probability of continuing to seek a bottom in the short term remains high.
For the current SOL market, many traders adopt the approach of "shorting on rallies." By setting a stop loss of 3-5 points, they can effectively control risk amid volatility—this method generally avoids falling into a bear trap. Once a rebound on the daily level is stopped out, there is no need to worry excessively; wait for the price to rise and then continue to participate in short positions, repeating this process.
Regarding price targets, below 100 is the key observation level at this stage. The core strategy for trading SOL recently is to short on rallies, patiently waiting for better entry points during this process. This approach requires a good understanding of technical analysis and strict risk management execution.
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Anon32942
· 2h ago
SOL is starting to turn around again; shorting at the highs is indeed comfortable.
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BearEatsAll
· 2h ago
Shorting on the rise sounds simple, but in reality, you're still getting trapped when executing. I've heard the rebound trap explanation too many times.
Holding below 100, but I feel I should wait a bit longer.
Even stop-losses can be broken through, really tests your mentality.
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SchrödingersNode
· 2h ago
Going short at every high sounds simple in theory, but in practice it's easy to get trapped.
SOL has indeed been weak this wave, but during the rebound, the stop-loss gets hit frequently... Can you really make money?
That level at 100, feels like we have to wait a long time again.
Don't talk about it so easily; executing risk management is easier said than done.
There are quite a few pitfalls, but 100 is definitely a level worth watching.
From the daily chart, SOL currently shows a continuous downward trend. In this context, occasional rebounds are easily turned into trap for the bulls. Technical analysis indicates that the probability of continuing to seek a bottom in the short term remains high.
For the current SOL market, many traders adopt the approach of "shorting on rallies." By setting a stop loss of 3-5 points, they can effectively control risk amid volatility—this method generally avoids falling into a bear trap. Once a rebound on the daily level is stopped out, there is no need to worry excessively; wait for the price to rise and then continue to participate in short positions, repeating this process.
Regarding price targets, below 100 is the key observation level at this stage. The core strategy for trading SOL recently is to short on rallies, patiently waiting for better entry points during this process. This approach requires a good understanding of technical analysis and strict risk management execution.