$SOL Signal: Wait for support confirmation after multiple pullbacks

1H MACD histogram has been negative for 4 consecutive hours, expanding, RSI has fallen to 48.46, selling pressure has not been fully released. The 4H Bollinger Band middle line at 86.18 provides strong support, funding rate at 0.01% is relatively low, no short squeeze risk observed. The order book sell depth is -6.85%, but there are many orders around 86.9, indicating a clear intention to support the price. The current price at 88.09 is approaching the 1H EMA20 (88.43), directly chasing longs offers a poor risk-reward ratio. Place a pending order at 86.90 for a pullback, stop loss at 85.19, target first at 90.33. If the price breaks below 86.9, the long position is invalidated, do not hold through the move.
🎯Direction: Long (Pending order)
⚡Entry/Pending order: 86.90
🛑Stop loss: 85.19
🚀Target 1: 90.33
🚀Target 2: 92.05
🛡️Trade management: After reaching Target 1, reduce position by 50%, and move stop loss to break-even. If the price falls back to the entry level, automatically exit to protect capital.
Order book logic: Stable open interest indicates a battle between existing funds, with bears not gaining strength but bulls hesitant as well. The 1H MACD has a death cross expanding and RSI below 50, indicating short-term bearish momentum, but the 4H uptrend remains intact (EMA20/50 in bullish alignment). Therefore, wait for a pullback to the 4H middle Bollinger Band and the 1H previous low resonance zone (around 86.9) to go long, with stop loss below the 4H EMA50 (85.19), risk-reward ratio approximately 2.2:1, fitting short-term discipline.
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