$SOL Signal】1H oversold rebound, capital support intentions exposed


$SOL 1H level RSI drops to 26.33, entering oversold territory. The 4H Bollinger Band lower band around 83.20 shows significant increase in buy depth, order book depth imbalance -17%, short-term selling pressure is being released. The 1H MACD histogram narrows in negative territory, weakening bearish momentum. The current price of 83.41 is close to the 4H Bollinger Band lower band, with a dense cluster of orders in the 83.32-83.65 region below, fully exposing the capital support intention.

🎯Direction: Long

⚡Entry: Enter at the current price of 83.41, or place orders around 83.32.

🛑Stop Loss: 86.39

🚀Target 1: 84.33

🚀Target 2: 83.65

🛡️Trade Management:
- Execution strategy: When the price rebounds near 84.33, reduce half of the position, and move the remaining stop loss up to the entry price. If the price cannot hold above 83.65, consider exiting all positions.

The current negative funding rate is -0.0086%, open interest remains stable, and shorts need to pay fees. After three consecutive bearish candles on the 1H chart, selling pressure is weakening. The EMA50 on the 4H chart at 85.28 forms the first resistance above, but the oversold rebound space on the 1H chart has already opened. The risk-reward ratio exceeds 2, making this trade worth trying.

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3eF3
· 4h ago
Stop-loss price 86.39 is higher than the entry price 83.41, which means if going long, would the stop-loss be triggered if the price drops to 86.39? Is this a mistake?
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