$SOLUSDT LONG AGAIN

Well, this is quite interesting. Two successful SOL trades, and now I’m ready to try for the third. We’re back in the game! During the night, we saw a nice correction, and it’s a good time to note that the underlying narratives haven’t changed.

Let’s stick to the same strategy as before:

Duration:
This trade can be either short-term or long-term, depending on your goals. You could also consider entering as an investor in the SOL ecosystem, which allows you to average down costs in case the trade doesn’t go as planned. The key here is to monitor funding rates, especially if you’re planning to hold for a longer period.

Target:
The goal is to achieve 100% profit. The entry is made on Binance with 25x leverage, using a $37 margin, creating a total position size of $950.

Risk:
This trade is classified as medium risk, particularly if you’re ready to use dollar-cost averaging (DCA) to manage the position. This time, I’ve added an extra layer of caution by limiting potential losses to 60% of the deposit.