The recent price fluctuation of SOL has indeed been fierce. After surging from 135 to the resistance level of 138, the market quickly reversed, once approaching the support at 120. Large investors seem to have noticed the signs early, with short orders already in place, and a wave of downward pressure could come at any time.
At this time, many people's first reaction is to rush to close their positions, but the problem is—transaction fees, slippage, and time costs all add up, leaving very little profit in hand.
Think from a different angle: Rather than being forced to stop-loss during a crash, it’s better to convert your SOL position into USDD in advance. The benefits are obvious. First, on-chain transactions take only 3 seconds to settle, with 0 fees and 0 slippage, and funds are instantly available. Secondly, as a stablecoin, even if SOL continues to drop below 120, USDD will still maintain a 1:1 peg to the dollar, meaning your principal is completely unaffected by fluctuations. You can even sleep without worry.
Once the market has finished washing out and the bottom is confirmed, use USDD to buy back SOL at a low. At this point, the high of 138 has already returned to around 120, and the upward rebound space is right in front of us. After one cycle, both profits are protected and the opportunity for a low-level rebound is seized.
In a bear market, stablecoins are not just a hedge tool, but also a springboard for reverse operations.
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RugpullAlertOfficer
· 2h ago
Haha, here we go again selling USDD. I've heard this pitch many times before...
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Honestly, SOL has been really aggressive this round, but I still think there's a bit of a problem with the logic of switching to stablecoins.
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Zero fees sound great, but did you consider the opportunity cost of missing the rebound?
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Every time, you say wait for confirmation of the bottom before entering, but then the entire rebound runs away. I've seen this happen many times.
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I'm still skeptical about whether USDD is reliable; I've looked at various audit reports.
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But to be fair, SOL dropping from 138 to 120 so quickly was really unexpected.
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Instead of switching to stablecoins, it's better to just cut your position in half to preserve capital, and gamble with the remaining half.
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Stablecoins are indeed an option in a bear market, but only if you are really sure where the bottom is.
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NFT_Therapy_Group
· 12-22 23:48
Damn, here comes the scheme to play people for suckers again. Is that USDD thing really safe?
It's better to just withdraw fiat and sleep soundly.
This wave of SOL is indeed fierce, but it sounds like they are pushing stablecoins...
The fees and slippage aren't really an issue; what I'm afraid of is getting tricked into it.
Let's see what the community says first; anyway, the SOL I have is held tightly.
Wait, could 138 really be resistance? I feel like it might surge again.
What happened to those who followed the trend to turn into USDD? Can anyone share?
This article feels a bit strange, but the logic still has some merit.
Did the large investors see through it early? Why didn't they speak up in advance? Hilarious.
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Layer2Arbitrageur
· 12-22 23:23
lmao 3 seconds 0 Slippage sounds good, but is that really saving that little gas? With this yield rate, it has long been targeted by mev Bots.
The recent price fluctuation of SOL has indeed been fierce. After surging from 135 to the resistance level of 138, the market quickly reversed, once approaching the support at 120. Large investors seem to have noticed the signs early, with short orders already in place, and a wave of downward pressure could come at any time.
At this time, many people's first reaction is to rush to close their positions, but the problem is—transaction fees, slippage, and time costs all add up, leaving very little profit in hand.
Think from a different angle: Rather than being forced to stop-loss during a crash, it’s better to convert your SOL position into USDD in advance. The benefits are obvious. First, on-chain transactions take only 3 seconds to settle, with 0 fees and 0 slippage, and funds are instantly available. Secondly, as a stablecoin, even if SOL continues to drop below 120, USDD will still maintain a 1:1 peg to the dollar, meaning your principal is completely unaffected by fluctuations. You can even sleep without worry.
Once the market has finished washing out and the bottom is confirmed, use USDD to buy back SOL at a low. At this point, the high of 138 has already returned to around 120, and the upward rebound space is right in front of us. After one cycle, both profits are protected and the opportunity for a low-level rebound is seized.
In a bear market, stablecoins are not just a hedge tool, but also a springboard for reverse operations.