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Is the opportunity to operate Solana (Solana) coming? The daily resistance is approaching, and I’ve decided to make a move~
1. As shown in the chart, Sol has been rising continuously for a week, and I’ve been holding steady, quietly observing. But now, it’s approaching the previous high of 97, which is a neckline resistance. I think the opportunity to act has arrived. So where should we short?
2. Neckline resistance usually doesn’t retrace, but once it does, it tends to fall significantly, possibly down to the consolidation zone at around 80. Of course, we shouldn’t take such big steps immediately; taking profits in batches at 85 and 90 is safer, and for stop-loss, a slight breakout above the previous high can be enough to exit.
3. At the same time, we should watch out for false breakouts. If it breaks the neckline at 97 and then falls back, that’s a false breakout. We can reopen the short, using the previous high as a major resistance with a small stop-loss to aim for larger downward profits. I think it’s worth a try.
4. Also, Bitcoin rebounded quite well over the weekend. We took partial profits on our short positions at the important support near the previous high of 79.5k. After the rebound, we can short again. Many traders also added a short position during the short-term rally. Now that BTC has rebounded to around 81k, it’s close to the minor resistance at 81.3k. Additionally, I also placed a short order near the previous high of 82.8k as a hedge; if it hits, we’ll go all in.
5. Actually, Bitcoin has been oscillating and rebounding from 65k, already up 30%. The pullback pressure is rapidly accumulating. A large correction is no longer a question of if but when. Even if temporarily trapped, it will eventually be profitable. Meanwhile, we’re actively trading various coins and crude oil, with a good win rate, operating in real-time~