That pullback on SOL this afternoon—I personally stuck to the strategy of opening long positions at lower levels. It looks like that judgment was pretty solid.
If you also opened longs at the lows, you can consider two options now: first, take profit and close out directly; or second, like me, take a longer-term view—reduce your position by half to lock in profits, and continue holding the remaining position, aiming for around the 152 level.
From a technical perspective, the four-hour chart has printed two consecutive large bullish candles, and the retracement tonight looked more like a bear trap just drawing in shorts. The bulls are still in control right now, so for those holding positions, stay calm and don’t get shaken out by short-term volatility.
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LiquidationWatcher
· 2025-12-09 16:39
That bear trap was played pretty well, just worried there might be another sudden wick later... Still need to keep some ammo in reserve.
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0xLostKey
· 2025-12-08 17:09
This short squeeze tactic is really nothing new, but it’s definitely effective... I’m watching 152 as well, just not sure if it can hold.
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BearEatsAll
· 2025-12-07 18:50
This short squeeze move was played brilliantly; the bears must be feeling miserable right now.
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WhaleMinion
· 2025-12-07 18:48
That bear trap move was well played. I see it the same way—the two big bullish candles on the four-hour chart were indeed fierce.
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HalfPositionRunner
· 2025-12-07 18:44
The trick of inducing short-selling is outdated. I just don't buy it. I've already sold everything long ago to avoid future worries.
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DegenDreamer
· 2025-12-07 18:28
Friends who bought in at the lows must be thrilled right now. I also bet right on this wave and have already halved my position to lock in profits.
That pullback on SOL this afternoon—I personally stuck to the strategy of opening long positions at lower levels. It looks like that judgment was pretty solid.
If you also opened longs at the lows, you can consider two options now: first, take profit and close out directly; or second, like me, take a longer-term view—reduce your position by half to lock in profits, and continue holding the remaining position, aiming for around the 152 level.
From a technical perspective, the four-hour chart has printed two consecutive large bullish candles, and the retracement tonight looked more like a bear trap just drawing in shorts. The bulls are still in control right now, so for those holding positions, stay calm and don’t get shaken out by short-term volatility.