SOL is relatively special. It has been consolidating between 186-177 for the past few days. This is because 176 is the golden ratio point of its larger trend, and the support at this level is very strong. Therefore, the current position of 182-184 is neither high nor low; entering a short position here has limited profit potential and carries the risk of a brief reversal. If it breaks above 186.5, we will be looking at 190-192 (with the maximum pressure recently being 196.5). Thus, short positions on SOL should be considered only above 187.5 in the short term.

As long as it does not drop below 175, I do not recommend opening new short positions below 182. If it touches 177-176 again, we can continue to add small long positions here. Going long here is basically risk-free because even if it drops below 175, the lowest it could go is around 167, which would be a buying opportunity. A rebound from here could also directly reach 178-180. For conservative traders, set a stop loss directly at 175.00, and small losses can be used to test buying opportunities.