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【$SOL Signal】Pullback continuation | 1H selling pressure released, 4H trend intact
$SOL RSI 1H drops to 51.69, MACD death cross widens, selling pressure pushes prices down with three consecutive bearish candles. The 4H Bollinger middle band at 92.5 provides support, EMA50 around 89.9, funding rate at 0.0075% slightly low, open interest stable. Currently at 94.9, just one step away from the suggested upper boundary of 94.8, after short-term selling pressure is digested, buying interest below will re-accumulate.
🎯Direction: Long (pullback orders)
⚡Entry/Order: 93.0 - 94.8
🛑Stop loss: 89.5
🚀Target 1: 100.1
🚀Target 2: 103.6
🛡️Trade management:
- After entering, observe for 15 minutes; if a quick rebound occurs, hold; if the rebound is weak, wait for a lower entry. After reaching Target 1, reduce position by 50%, move stop loss to entry price.
Depth logic: 1H consecutive lows are decreasing but volume is declining, indicating active selling pressure is nearing exhaustion. 4H MACD remains in positive territory, bullish trend not broken. Market depth shows -7.41%, indicating short-term sell orders are slightly dominant, but there is substantial buy support around 94, with a risk-reward ratio still acceptable.
Check real-time quotes 👇 $SOL
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