The current price of Solana (SOL) is over 200. If only a small amount is purchased, even if it rises to 500, the profit will be limited.
If participating in high-risk, high-return projects like 'Gold Digger', buying at a high price may be understandable. However, if purely investing in spot trading, from a personal perspective, it is not very meaningful at the moment.
However, if there is a large amount of capital, short-term operations to profit from rebounds could be feasible.
In my own case, I have not purchased a single SOL above 82, instead, I have sold one or two thousand pieces in batches between the 160 - 250 range.
Solana is quite resilient and suitable for harmonious trading. Although the medium to long-term outlook is bullish, Bitcoin has been consolidating this week, fluctuating around 95,000, and the major direction has not yet been determined. If Bitcoin tests 90,850 again or a third time and falls below to around 89,850, Solana may pull back to the middle band of the 3-day Bollinger Bands, testing the important support level of 200 before rebounding strongly.
Therefore, around 200 is a highly potential buying point, and there is a certain probability of successfully establishing a position recently at 212.85 and 200.50.
The spot layout buying strategy is mainly based on bearish expectations in the short term and bullish expectations in the medium to long term.
For those coins that have risen for several consecutive days, long-term declines with no improvement, or only slight increases, it is not advisable to buy.
The 'low long' strategy in harmonious trading is essentially about going long after a decline, also based on short-term bearish expectations and oversold rebound expectations, with the difference from purely bullish short-term trading being slight fluctuations in the take-profit target points.
