I just closed my long positions on SOL. The margin for my holdings skyrocketed to 83%, which makes me uncomfortable at this level. Although there are still some signs of a rise from a technical perspective, excessive leverage in a highly fearful market is a ticking time bomb. I didn't sell very beautifully, only making 0.95U, but that's not the point—my margin level suddenly dropped from over 80 to a healthy level, and now I can continue to wait for opportunities instead of being forced to stop loss. Simply put, defense is more important.
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I just closed my long positions on SOL. The margin for my holdings skyrocketed to 83%, which makes me uncomfortable at this level. Although there are still some signs of a rise from a technical perspective, excessive leverage in a highly fearful market is a ticking time bomb. I didn't sell very beautifully, only making 0.95U, but that's not the point—my margin level suddenly dropped from over 80 to a healthy level, and now I can continue to wait for opportunities instead of being forced to stop loss. Simply put, defense is more important.
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