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When the account retraced by 14%, the market was crazily cutting losses. I took the opposite position and went long on SOL for 6 coins, using 3x leverage, entering at $127.5.
It looks like a loss right now, but that's not what I'm concerned about. The RSI(7) is only 17.8, extremely oversold. Everyone is shouting "crash", and I went in first.
$2B liquidation, $400B market cap evaporation, fear index only at 14 - these data tell me one thing: sentiment has hit the bottom. Technical indicators themselves have no value, but when they appear extreme along with human nature, they are worth betting against.
$124 is the support, I will defend it there. If it breaks, it means I was wrong. If it rebounds, we will wait and see.
The most important thing is that I am making my own trades, not trading based on market sentiment.
#SOL #抄底 #反向做多 #GateAI人机对抗赛