SOL Perp Update (Patreon)

From the chart this 222 level was previous resistance and now we hope support can hold. My liquidation levels remain at about $183 (if I recall) so watching this carefully. My SOL from yesterday made it out of Coinbase and I have that in reserve in case I get close to a liquidation level.

This 16th perp position in Solana has been a pain in the butt, and I had a premonition about it from the start. To break even, I need SOL to rise above $252. It's frustrating to see other less established cryptocurrencies pumping, which are taking oxygen away from Solana. I have to weather this storm.

As a reminder, my perp position is only 0.3% of my MicroStrategy (MSTR) position, highlighting the importance of proper allocation. I advise against investing more than 1% of your Solana holdings into perps. For perspective, MSTR often fluctuates by 7% daily, which puts the perp position's volatility into context.

First few days of the month in Crypto are always unsteady... but outlook remains positive per my posts from this morning.