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๐April 29 15:23 $SOL #s Afternoon technical analysis trend is bearish for one hour
(For reference only) (Current price can directly enter)
Current price: 84.60 (sol) indicates high-level oscillation + golden cross่ฏฑๅค, the long-term downtrend has not reversed, rebound to short is more likely to succeed.
1. Trend Logic
1. Golden Cross Trap (Core)
โข 1H MACD Golden Cross: Short-term่ฏฑๅค, 4H/daily still in a downtrend (price below EMA50).
โข Historical pattern: Golden cross at high level + shrinking volume, often indicates main force pushing up to unload, not trend reversal.
2. Key Resistance Suppression
โข Strong resistance above: 85.5โ86.0 (4H EMA50 + concentrated chips), 87.8โ88.0 (previous high).
โข Current price 84.60 is at the lower edge of resistance, limited rebound space, high probability of falling back upon encountering resistance.
3. Funds and Structure
โข Funding rate slightly negative, bears favored; 4H head and shoulders pattern, neckline at 86.0, if not broken, remain bearish.
โข RSI (1H) at 40, neutral to weak, no strong buying pressure, rebound likely to fail.
2. Short Position Strategy (around 84.60)
Entry (2 options)
โข Enter short directly at 84.5โ84.8 (light position).
โข Add to short at 85.5โ85.8 after rebound (heavy position, stop loss controllable).
โข Position: 10โ15% (10โ20x leverage).
Strict Stop Loss
โข First stop loss: 86.2 (breaks 4H EMA50,่ฏฑๅค่ฝฌๅผบ).
โข Ultimate stop loss: 88.2 (above previous high, prevent false breakout).
Take Profit (in stages)
โข TP1: 82.8โ83.2 (24H low + short-term support, reduce position by 50%).
โข TP2: 80.5โ81.0 (strong support zone, reduce position by 30%).
โข TP3: 78.0โ78.5 (oscillation lower edge, remaining 20% for speculation).
3. Golden Cross Response (Prevent Reversal)
โข If 1H stabilizes above 86.0 with increased volume: close short positions to stop loss, wait 2 hours before deciding.
โข If breaks below 84.0 with increased volume: add small short position, stop loss as before.