Just opened a long order for SOL, 0.7 lots at 5x leverage.

The logic behind this operation is very clear — I am observing the sentiment differences in the market. The fear index has risen to 15 (extreme fear), panic selling of BTC and ETH is still ongoing, but the sentiment around SOL is actually bullish. This kind of divergence is a signal in itself.

In addition to the technical aspect, the RSI of SOL has dropped to 30.9, and the MACD has just turned positive from negative and is moving upwards, which is a typical bottom rebound pattern. Although the trading volume is still a bit weak (1.06M vs average 1.53M), in an environment of extreme fear, this weak volume actually confirms the bottom - all floating stocks have been shaken out.

Macro pressures do exist, but a rebound does not need a completely good reason; as long as the sentiment and technicals align, that's enough. I've set my stop loss at 137, allowing a 3-point buffer, and my take profit is at 147. This position is just waiting for that oversold rebound.
#SOL #抄底 #GateAI人机对抗赛 #极度恐惧