Defense is a matter of finesse. It is crucial to consider minimizing losses while avoiding excessive density that could lead to missed opportunities.

When opening a position, the defense should first set a stop loss based on the support point below. For example, if the support for SOL is at 186.5, and today you open a position between 188-192, the stop loss should ideally be set at 186. However, if you open at 194, the stop loss should be at 191. If there’s a sudden drop that hits 187-186, then a stop loss at 186 from a 194 entry would incur a loss of 8 points, which is quite substantial. When starting a business, it is important to be meticulous and calculate carefully. For SOL long positions, short-term stop losses should be controlled within 4 points, with a maximum of 5-7 points.

After opening a position and gaining a floating profit of 4-5 points, a break-even stop loss can be set. Before it reaches the designated point of the small wave, the typical fluctuation is generally 3-5 points, so it is essential to leave enough room for fluctuations. Do not set a break-even stop loss immediately after a floating profit of 2-3 points; it might just pull back up right after you exit. If the position is opened near a rising point, for instance, if you placed an order to go long at 183.65 the night before and are now at 196-200, you can take profits in batches. Generally, for short-term positions, a floating profit of 9-11 points allows for harvesting 1/3-2/3. Afterward, you can add positions again after a pullback at the small wave peak, and then take profits or set stop losses again. If the price reaches 210 or above later, with an average cost of 198-202, then the point for maintaining the bottom position should be at 204.5. You cannot wait for a pullback to 202-198 without taking any profits and passively wait for a break-even exit!