$SOL Signal: Multiple pullbacks, 1H narrowing and waiting for direction

$SOL 1H Bollinger Bands upper and lower bands are only $0.9 apart—extremely contracted. The MACD histogram turns negative, with momentum weakening. The 4H bullish structure is still intact: the MACD dual lines are above zero, but the histogram is shortening. RSI is 58 on 1H and 68 on 4H, not overbought.
🎯 Direction: Long (pending order pullback)
⚡ Entry/Pending order: 91.45 - 92.91
🛑 Stop loss: 88.32
🚀 Target 1: 97.69
🚀 Target 2: 100.82
🛡️ Trade management: - Reduce 50% at Target 1, move the stop loss to breakeven. If the price pulls back and the open position gets invalidated, exit.
The funding rate is extremely low at 0.0016%, so longs are not overheated. Open interest is stable, and the order book is neutral. This narrow consolidation usually suggests a breakout/turning point is near. The risk-reward ratio of 1.04 isn’t the best, but buying dips supported by the 4H trend is a reasonable strategy.
Check the live market 👇 $SOL
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