$SOL
《Market Correction ———— Sol Price Update》
It is well-known that there is major non-farm payroll data and unemployment rate tonight. Some funds have chosen to escape to avoid risks, pulling some liquidity out of the market, leading to a correction. It seems that once the 70000 level is broken, the support below will drop to around 69200.
As mentioned yesterday, Ethereum is testing whether the support at 2510 is solid. If this level is lost, the trend will head towards around 2420, and altcoins will enter a new round of downtrend.
After we reduced our position around 183 in the last round of Sol, due to the unclear trend we did not buy back. Now with the market correction, there is a slight opportunity to enter again around 164.5.
Market fluctuations are the laws of the market. When prices fall, it's important to manage your positions well and plan to buy in batches to avoid chasing prices during market rebounds.
