Currently, for SOL spot and SOL leverage, I am taking long positions with 2x leverage below 157 on the November line, having already reduced leveraged positions by 80% after the initial surge in the first few days; currently, SOL holdings are mainly in spot.
Currently, short positions have reached historical highs, with the largest positions being BTC ladder leveraged short positions and ZEC ladder leveraged shorts, accounting for nearly 4 layers of total leveraged positions (i.e., ladder shorts are close to 4x leverage).
Why hold short positions?
The reason is that there are about 48 hours left until the double opening of the week and month, a major reversal! A single reversal can take the life of the bulls! This is why the logic of opening ladder short positions exists.
Possible deduction: If this month drops into a shooting star candlestick, the time to close short positions will be around the shooting star drop line from November 29 to 30, 2024; if this month sees consolidation at high levels, the closing time for short positions will be at 4 AM on December 1, 2024.
Today is the 28th, and there are still 6 hours until November 29, 2024, which means there is about a day left until the feast! No more than 2 days (48 hours) at the latest.
