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【$SOL Signal】Wait and see: RSI at high levels + selling pressure suppressing, waiting for a pullback to go long
$SOL RSI_1h 76.94, 4H Bollinger Band upper band 91.95 broken by the candle, but deep sell orders account for -19%, Bid/Ask ratio 0.68 indicating insufficient active buying. Price is moving along the 1H Bollinger Band upper band, MACD histogram shrinking, momentum weakening.
🎯Direction: Wait and see (pending orders for pullback)
⚡Entry/Pending order: 88.92 - 91.86 (recommended zone for placing orders)
🛑Stop loss: 86.62
🚀Target 1: 93.52
🚀Target 2: 95.82
🛡️Trade management: - If the pending order executes near 91.86, reduce position by 50% at Target 1, move stop loss to break-even. If price pulls back to around 88.92 with increased volume, add to the position.
Current risk-reward ratio is average; chasing high may lead to being trapped. Wait for the price to pull back to the 4H midline or near the 1H EMA20 (about 89.6) before considering entry. Funding rate is normal at 0.01%, no liquidation conditions.
Check real-time market 👇 $SOL
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