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Today, I made two investment operations on SOL. The first purchase was 10 units at a price of 198.3 yuan, followed by another purchase of 10 units at a price of 195.3 yuan. This investment strategy brought the total investment amount to 3936 yuan, with an average cost of 196.8 yuan per SOL.
The main purpose of adopting a batch purchase approach is to diversify risk and reduce overall investment costs. This strategy can effectively cope with short-term market fluctuations, avoiding the excessive risks associated with a single large investment.
Next, we need to closely monitor the price trend of SOL. 190 yuan is an important support level, and if the price falls below this level, we may need to consider a stop loss to control risk. On the other hand, 210 yuan is a key resistance level, and if SOL can break through this price, we can consider partial profit-taking to secure some gains.
In the cryptocurrency market, establishing a clear investment strategy and risk management plan is crucial. By setting clear support and resistance levels, investors can better grasp market trends and make more informed buying and selling decisions. At the same time, it is essential to keep an eye on market news and project developments, as these factors can significantly impact the price of SOL.