When I was early in meme coins, I always traded around the 0.618 level. Later, as I shifted to the Solana ecosystem, I found I had to go down to the 0.786 level to find opportunities. Now? Most projects are only rebounding from a depth of 0.886, haha… The retracement is getting bigger and bigger💀🤣 What does this indicate? Market volatility is changing, and so are the requirements for trading strategies. The old approach is no longer sufficient; the trading rhythm and depth on Solana are on a completely different level. It seems I need to constantly adjust my strategy to keep up with the pace of on-chain ecosystem changes.
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
When I was early in meme coins, I always traded around the 0.618 level. Later, as I shifted to the Solana ecosystem, I found I had to go down to the 0.786 level to find opportunities. Now? Most projects are only rebounding from a depth of 0.886, haha… The retracement is getting bigger and bigger💀🤣 What does this indicate? Market volatility is changing, and so are the requirements for trading strategies. The old approach is no longer sufficient; the trading rhythm and depth on Solana are on a completely different level. It seems I need to constantly adjust my strategy to keep up with the pace of on-chain ecosystem changes.