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【$SOL Signal】1H pullback confirmation, 4H bullish continuation
$SOL Current price 96.57, after the 1H MACD golden cross, volume bars continue to grow, the upper band of the 4H Bollinger Bands at 97.49 is close to resistance, but market depth shows sell orders account for 62%, buy-side momentum is relatively weak. It is recommended to wait for a pullback confirmation before going long.
🎯Direction: Long
⚡Entry/Order: 94.07 - 96.09 (recommended to place orders within this range)
🛑Stop loss: 90.35
🚀Target 1: 101.49
🚀Target 2: 105.21
🛡️Trade management: - Execute strategy: after reaching Target 1, reduce position by 50%, and move the stop loss to break-even. If the price falls back into the entry zone, exit automatically to protect capital.
At the 1H level, buy orders concentrate around the EMA20 (95.36) during a pullback, 4H RSI at 70 has not exceeded overbought levels, funding rate remains stable at 0.0065%, the bulls and bears are still in a balanced game. The current risk-reward ratio is about 1:2.7, making it a worthwhile trade.
Check real-time market 👇 $SOL
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