If SOL is deployed now, how much can it rise in the second half of the year?
SOL is one of the hot topics in this round of bull market. The reason is very simple. It rose well in the first half of the year. From the average price of 8 US dollars at the bottom of this round, it has gained nearly 16 times by holding it until now. It has risen well and the popularity is high, so naturally retail investors will pay close attention to it.
So is SOL still worth deploying at present?
This depends on your trading level. If you want to do short-term trading, it is okay. Short-term trading pursues short frequency and fast. There will be many opportunities every day. Even if SOL rises 10 times again, it has nothing to do with short-term trading, because the scope of short-term trading is to catch the fluctuation of a few points. According to the trading system, identify the buying and selling points, accumulate a little and make a lot, and there will be opportunities every day.
If you are doing mid-term trading?
There are many factors to consider. You need to know whether SOL has any major positive breakthroughs and hot spots in the near future. If it meets the requirements, you can look at the daily level market according to the trading system, find the buying point, formulate a strategy, and see the daily peak signal to ship out and pocket the profit
If you are doing long-term trading?
There are more factors to consider. We need to consider the fundamentals of SOL. Is it currently undervalued or overvalued by the market? In general, SOL has risen 16 times, with a market value of 57.3 billion US dollars, ranking fifth. Assuming it moves up two places to reach Ethereum's current market value of 286.7 billion US dollars, the return is 5 times, but this seems very difficult. We need to further analyze the fundamentals of SOL and the future market. If you think that SOL is a long-term investment, whether it is 1x or 2x, then according to the trading system, find the buying point of the callback, execute the strategy, and sell it in time after the peak signal appears! #SOL