Yang Guang bit | August 31
$SOL Today's idea
Entry timing: Establish short positions on a rebound into the 103.5—105 range
Stop-loss: Above 106.5
Take profit in stages
- First target: 100.5—101.5
- Second target: 98.5—99.5
Core logic
Three bearish factors:
1. Geopolitical escalation —— U.S. forces airstrike Iran, the Strait of Hormuz is "completely closed," risk appetite declines, and SOL, with its high beta, falls the fastest
2. Hawkish macro outlook —— After Warsh's speech, the probability of a rate hike in September is 57%—60%, U.S. Treasury yields remain elevated, and SOL is the most sensi