Let's have an analysis
1: Musk plans to land on Mars before Trump's term ends
2: Currently, the long-short ratio is 0.54, still at a low level, with many people shorting, so it won't drop much. Don't expect a big pullback unless it breaks upward
3: Friends in spot trading should pay attention to risks in this area. Long-term outlook is still optimistic, short-term operation is to wait for a pullback to the previous high to buy
4: Historically, the 12 months after the U.S. election are the strongest period for crypto. From November 2016 to November 2017 (Trump), the increase was 896%, and from November 2020 to November 2021 (Biden), the increase was 351%. The next 12 months should be very bullish
5: For contracts, make sure to set a smaller stop loss and a take profit that is double the stop loss. Use the same position size each time and strictly execute the strategy. Even if the ratio of right and wrong direction is 55-45, you still make a profit, unless you are consistently opening in the wrong direction
6: SOL has shown very strong performance in this round of increase, currently at 204. You can reduce your position. The high point in March this year was around 210, close to the resistance level.
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You can reduce your position at the top divergence, wait for a valid breakthrough to buy again. Currently, the price can be lightly shorted, with a buy-back price of 207 and a stop loss price of 210, which is cost-effective
