#SOL 【$SOL Signal】Multiple callbacks, 1-hour trading volume sharply declines during consolidation, waiting for a second surge

$SOL Buy orders at 0.69, 1-hour trading volume sharply drops to 52K lots, price consolidates narrowly between 93.3-93.5. The 4-hour MACD histogram is still expanding at 0.34, but the 1-hour MACD histogram has been shrinking for three consecutive bars at 0.24, indicating that the bullish momentum is temporarily exhausted. Market depth is unbalanced, at -1.5%, with sell orders slightly dominant, but buy orders in the 89-90 range are relatively dense.
🎯Direction: Bullish (Pullback orders)
⚡Entry/Order: 92.89 (recommended upper limit for the zone, wait for pullback to confirm support)
🛑Stop loss: 86.85
🚀Target 1: 94.29
🚀Target 2: 96.77
🛡️Trade management: - Execution strategy: After reaching Target 1, reduce position by 50% and move stop loss to breakeven. If the price falls back to the entry zone, close automatically to protect funds.
The 4-hour RSI is at 73, not yet in overbought territory, funding rate is only 0.0087%, long positions have low costs, and short squeeze pressure is limited. The current sideways movement is more like consolidation rather than distribution at the top. If the 1-hour volume breaks above 94.73 (upper Bollinger Band), it will accelerate upward, and Target 2 can be anticipated. If it falls below 91.8 (previous low), switch to a wait-and-see stance.
View real-time market 👇 $SOL
#GateSquareMayTradingShare