$SOL Signal 1H Bearish continuation, rebound shorting

$SOL 1H RSI 36.88, MACD histogram -0.1076 expanding, 4H EMA50 85.31 broken with price continuing to probe lower. Deep order book Bid/Ask Ratio 1.12, but accumulated buy orders did not prevent price from dropping, sellers actively stepping in. Current price 83.39 close to 4H Bollinger lower band 82.35, short-term technical rebound needed, but the rebound is a good opportunity for short covering. Suggest waiting for the rebound to previous resistance area before entering.
🎯Direction: Short (Pending orders)
⚡Entry/Pending order: 84.50 - 84.70 (Rebound short)
🛑Stop loss: 86.43 (Invalidated if breaking previous high)
🚀Target 1: 84.37 (Short-term profit)
🚀Target 2: 83.68 (Testing previous low)
🛡️Trade management: - Execute strategy: Reduce 50% of position after reaching Target 1, and move stop loss down to entry price. If the price directly breaks below 83.37 without retesting the pending order zone, abandon this opportunity to avoid being stopped out prematurely.
Bearish momentum is not exhausted, but the current position’s risk-reward ratio for chasing short is poor; rebound pending orders are more prudent. If triggered, and a volume-increasing bearish candle appears on the 1H, consider adding to the position.
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