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$SOL Signal - Bearish correction, 4H momentum weakening
$SOL 1H MACD bullish bars consecutively shrinking for three candles, buying pressure ratio dropping from 0.61 to 0.42, 4H golden cross but the bars only at 0.024, lacking real buying strength.
Order book depth imbalance -3.66%, obvious wall of sell orders.
๐ฏDirection: Short
โกEntry/Order: Any point in the 84.63 - 85.80 range, recommended to set an ambush near 85.30
๐Stop loss: 86.49
๐Target 1: 84.43
๐Target 2: 83.74
๐ก๏ธTrade management: - After reaching Target 1, reduce position by 50%, move stop loss down to entry price; if price rebounds above 85.80 with increased volume, exit and observe.
Current risk-reward ratio is about 2:1, but the market is not extremely bearish, itโs safer to keep position size within 70% of a normal position.
Check real-time quotes ๐ $SOL
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