$SOL Signal | 1H Break above the upper band, RSI in overbought zone waiting for a pullback to go long

$SOL 1H RSI soared to 83.28, Bollinger Band upper band at 92.40 was just broken. Buying pressure has been pushing for two consecutive hours, with volume increasing to 3.53 million at 17:00. The 4H MACD histogram continues to expand, and the trend is not exhausted. But market depth shows selling pressure at -4.17%, and short-term profit-taking selling pressure is beginning to appear.
🎯Direction: Long (waiting for a pullback to place orders)
⚡Entry/Order: 88.94 - 92.16 (recommended lower limit of the zone to place orders at 88.94)
🛑Stop loss: 86.63
🚀Target 1: 93.57
🚀Target 2: 95.89
🛡️Trade management: - Execute strategy: after reaching Target 1, reduce position by 50%, and move stop loss to break-even. If the price falls back into the entry zone, automatically exit to protect capital.
Current price has exceeded the upper limit of the recommended zone, and the risk-reward ratio for chasing longs has worsened. The 1H overbought signal is clear; waiting for a pullback to around 88.94 to confirm support before entering for a more secure position. If the 4H upper band is broken and the pullback does not break below 89.3, the bullish momentum remains dominant.
View real-time market 👇 $SOL
---
Follow me: Get more real-time analysis and insights into the crypto market! $BTC $ETH $SOL
‍#Gate广场五月交易分享 #比特币跌破8万美元 #美伊冲突再升级