🚨 extreme emergency alert about $SOL 📉🚨
The continuous selling pressure in the market, the consistent decline of Bitcoin, and the ongoing fall of Nasdaq could potentially turn Solana's extreme bullish trend into a downtrend. Many traders, who rely solely on chart analysis without understanding the intrinsic value of coins or overall market capitalization, often lose everything. They look at historical charts from 2017 to the present and perceive these coins as highly bullish. However, every coin has a terminal value, after which other coins may take its place in the market. These traders fail to recognize that a single bad news event can cause the entire market to bleed. They overlook the significance of news and the underlying projects of coins, instead relying on chart patterns and the opinions of a few fake bloggers, leading them to trade recklessly.
So, the question is, what can we do in this situation? We can consider entering Solana between $118 and $125, using only 5x leverage for a long position. We should aim to sell above $150.
