$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.
๐ŸŽฏDirection: Short
โšกEntry/Order: Any point in the 84.63 - 85.80 range, recommended to set an ambush near 85.30
๐Ÿ›‘Stop loss: 86.49
๐Ÿš€Target 1: 84.43
๐Ÿš€Target 2: 83.74
๐Ÿ›ก๏ธTrade 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, itโ€™s safer to keep position size within 70% of a normal position.
Check real-time quotes ๐Ÿ‘‡ $SOL
---
Follow me: Get more real-time analysis and insights on the crypto market! $BTC $ETH $SOL
SOL1.87%
BTC1.26%
ETH2.08%
View Original
post-image
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • Comment
  • Repost
  • Share
Comment
Add a comment
Add a comment
No comments