Regarding SOL, reviewing it has greatly helped us improve short to medium-term trading. My review is different from others; it's a lot of rambling, and you might not understand or find it practical. I only talk about the most core aspects: how the points are derived and the basis and logical thinking behind the judgments.
On August 1st, when SOL retraced and fell below 170, I had basically confirmed that SOL would stop falling around 155-157; this is the bottom point. I am definitely one of the first people on the internet to judge that this is the bottom point. I saw many people started to judge after the stop loss on August 3rd, which was too late. Because this is the golden ratio point of the large wave segment from 125-206, if it falls further, it will turn into a bearish trend.
Then, starting from 155 as the rising point, how much will it rebound? I also mentioned it in the muted group immediately (as shown in Figure 3), with rebounds successively looking at 175, 181, and 186. How are these three points derived? They are calculated as follows: the lowest point 155.5 + (206 - 155.5) * 0.382/0.50/0.618.
186.5 happened to be the highest point of last week and also the 0.618 position retraced since the rebound from 155.5. At that time, after confirming 155.5 as the bottom point, I quickly mentioned that after a 50-point retracement, recovering 30 points is reasonable. Looking back now, 155.5 + 30 = 185.5. It has precisely recovered 30 points. So when it reached around 186, all three Fibonacci rebound points had been reached.
Then, I also mentioned yesterday that in the short term, confirming a stable 177 after a pullback below 180 from 186, followed by an attack towards 200. This is what is about to happen this week.
In the short term, once 186.50 breaks, you can also chase up and add to your position; the portion of the increase can be unloaded around 189-191. This is called rolling the position. Why can you add to your position after breaking through 186.5? Because breaking through the 0.618 level strengthens the bulls. This is similar to what I said last night, that if ETH breaks 4266 (the daytime drop recovered to the 0.618 level), you can chase and add to your position at the current price.