$SOL Signal: 1H golden cross rebound lacks strength, 4H bears are suppressing, targeting high points to short


$SOL 1H MACD golden cross, RSI 31.9 in oversold zone, but 4H MACD histogram remains shrinking and negative, Bollinger Band lower band near 85.9 without breaking. Buying depth ratio is 0.68, selling pressure persists. Funding rate -0.014%, short positions have low holding costs, short-term buying momentum is limited.
🎯Direction: Short
⚡Entry/Order: Enter at current price 86.61 within the 86.60 - 91.14 range
🛑Stop loss: 91.87
🚀Target 1: 89.68
🚀Target 2: 88.95
🛡️Trade management: - Execute strategy: reduce 50% after reaching Target 1, move stop loss to break-even point. If price rebounds near entry price, exit proactively to avoid unrealized losses turning into realized losses.
Depth logic: 4H bearish trend remains unchanged, 1H rebound volume decreasing (latest hourly volume only 76k), negative funding rate supports continued holding of shorts. However, RSI at low levels warrants caution for quick rebounds, but selling depth is dominant, risk-reward ratio of 2.0 is reasonable, control position size accordingly.
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SOL-3.04%
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