$SOL Signal】1H level oversold rebound, targeting a short squeeze for the short term


$SOL 1H level RSI hits 36.7, with the price closely tracking the lower Bollinger Band at 83.04. The 4H MACD bearish histogram bars keep expanding, but the 1H histogram bars start to narrow, showing signs of bearish momentum exhaustion. The order book depth shows a sell-order imbalance of -8.28%, but buy orders are heavily clustered with resting orders in the 83.6-83.8 zone, revealing an intention to support. At this position, the risk-reward ratio begins to look attractive.

🎯 Direction: Go long

⚡ Entry: Buy in batches within the 83.79 - 84.20 range

🛑 Stop Loss: 86.38

🚀 Target 1: 84.32

🚀 Target 2: 83.64

🛡️ Trade Management:
- Execution strategy: After reaching Target 1, reduce the position by 50%, and move the stop loss up to the break-even level. If the price drops back to the entry level, exit automatically to protect the principal.

Funding rate -0.0079%, causing the cost for short positions to increase. Three consecutive 1-hour candles around 83.8 form long lower wicks, quickly absorbing the selling pressure. Combined with the 4-hour EMA50 (85.27) and the 1-hour EMA50 (85.52) forming overhead confluence resistance, the rebound space is compressed, but short-term short squeeze momentum is accumulating. OI is stable, with no signs of panic exits.

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ybaser
· 3h ago
Just charge and you're done 👊
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