Today, let's talk about SOL, the fifth largest public chain in terms of market value.
SOL took the lead in this bull market and attracted a lot of attention before Ethereum's Cancun upgrade.
I have shared the fundamentals of SOL and its rivalry with Ethereum many times in my previous articles.
From a technical perspective, I fully analyzed SOL on October 16, 23, when the price was $23. The clear conclusion was: the weekly line was at the bottom of the shock, and there was a high probability of subsequent increases, and the daily line continued to rise.
Later, when SOL rose to the intensive trading area of 100 US dollars in the previous bull market, it was also analyzed that there was no reversal signal, and it rose healthily. SOL rose strongly by 40 points. Can it break through the previous high and return to the peak? Is it too late to pay attention now?
The subsequent market is very enthusiastic, and it is full of SOL. This round of bull market has the potential to surpass Bitcoin and Ethereum.
At present, looking at the market again, the weekly trend: The weekly price has not fallen much, but the short position is very strong. Retail investors who just entered the market and held firmly some time ago cannot sell this amount.
Combined with the situation behind the currency, the biggest supporter of sol in the past was FTX's Afro, and the Americans stood behind Afro
Due to the suicidal behavior of Afro, FTX collapsed, and the capital behind it suffered heavy losses. So what should we do to recover the losses?
It is a good choice to have a large amount of sol in hand, so why there were suddenly a lot of "rumors" that strongly supported sol some time ago, and why the Western meme suddenly became popular on sol, these are all related.
Although the popularity of meme has accelerated the success of sol, the fomo emotional coin that has no actual value and is generated in large quantities may also become the last straw that breaks the camel's back for sol.
Think about it, when a pipeline is blocked by a lot of useless information, what effect will it have? Therefore, sol is extremely risky and we should pay attention to the risks.
So what investment points do we need to pay attention to?
First: It is important to understand the market
If you can understand the market, you can recognize the entry at the bottom. From the $23 I analyzed to $110, there is still 5x space
If you don’t understand the market, you dare not buy when it is not rising, and chase it after it rises. At this time, the profit space is small. As long as there is a callback, the risk of being trapped is high
Second: Don’t invest based on news
The main force knows that one of the things that retail investors like most is to invest based on news, so they will use various mainstream media, gossip, big V, etc., retail news, and see that the market has been rising. When you make your own investment decisions, you will listen to various news, so you will naturally become a buyer
Third: Have a deep understanding of the currency you want to invest in
Before investing, you must be very familiar with the currency you are investing in, the situation behind it, development, advantages and disadvantages, and make decisions after comprehensive consideration. To understand, you must be in a circle with cutting-edge information and in-depth understanding of the industry
The above three points are the shortcomings of retail investors: technical, fundamental, and news
The investment market is a zero-sum game. Every penny you earn is lost by others, and every penny you lose is earned by others
When others have Yes, you don't, you won't, you are the one who loses money
When you can make up for your shortcomings, this hurdle can always block others, but it can no longer block you, but it becomes your advantage in making money
Making money or losing money, it's that simple
If you are confused at the moment, don't know what coin to buy, and don't understand the market, welcome to join the village and follow May to operate #BOME #WIF #VTHO $SOL $PEPE
