【Reviewing the 3 major waves of SOL in the past six months, easily locking in short-term bottom points】
Retracement Major Wave 1:
Decline: 273-95.19 = 177.81 points
177.81*0.382 = 67.923
177.81*0.5 = 88.905
177.81*0.618 = 109.887
Rebound Major Wave 2:
Increase: 187.67-95.19 = 92.48 points
95.19+68 = 163.19 (Strong Resistance Point 1)
95.19+89 = 184.19 (Strong Resistance Point 2)
95.19+110 = 205.19 (Strong Resistance Point 3)
Actual Highest Point 187.67, Rebound Coefficient: 0.50.
Retracement Major Wave 3:
92.48*0.382 = 35.327
92.48*0.5 = 46.24
92.48*0.618 = 57.153
187.67-35.32 = 152.35
187.67-46.24 = 141.43
187.67-57.15 = 130.52
The lowest points in the last two weeks both rebounded around 141.5, Retracement Coefficient: 0.50. So the bottoming of SOL at 141.5 in the last two weeks came from this.
If 140 breaks in the future market, the next bottom point will be 130.5. And the three tests of 141.5 here are still low long points.