SOL has also reached a new high today!
From $200 on November 13, it surged all the way to $265.
It is different from Bitcoin; it does not blindly follow trends and has its own rhythm.
When its price was around $230, I told everyone that this coin can be held long-term and can also open small multiple contracts, directly aiming for a target price of $300, but I don't know if anyone got on board at that time 😀😀.
I understand that opening high multiple contracts like 100x or 200x is exciting, and you can make money quickly, but have you thought about it? Once there is a pullback, you might face liquidation immediately; earning fast also means losing fast.
Some people hold onto positions with a profit of 100 points and are reluctant to sell, while they hold onto losing positions of 100 points, always thinking it will rise again. In the end, it often results in liquidation.
We can't outplay the psychology of the big players, so taking profits when available is the right thing to do.
