6.10 SOL Thoughts | The Most Violent Leading Drop! ETFs Are Starting to Exit!



$SOL
SOL is the most volatile among mainstream coins, with price swings twice as large as Bitcoin and 1.5 times as large as Ethereum. After tonight’s CPI data is released, a 5-10 USD fluctuation is normal, opening positions early is just giving away free entries, with a 90%+ chance of both longs and shorts getting wiped out.

If you’re itching to trade: position size ≤ 5%, stop-loss must be tight.
Entry: rebound around 65.5-66.5 with light positions, buy at 68.5, watch for 61-58.
Entry: dip around 61-62, buy at 59, watch for 65-69.

CPI > 3.2% (unexpected shock): go short with the trend, support at 61, if broken, hold for 58.
CPI < 2.8% (better than expected positive): lightly follow the long side, target 68 resistance, break through then watch for 71.

On the daily chart, all moving averages are pointing downward in a waterfall pattern, MACD continues to dead cross below zero, recently hitting a 31-month low of $61. Stop hyping "ETF inflows," on June 8th, SOL ETF started net outflows, the $1 billion previously bought by institutions is now secretly being sold to retail investors trying to bottom fish. #伊朗袭击以色列
SOL-3.84%
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