$SOL Signal | Multiple pullbacks, 1H buy orders replenishing

RSI on 4H hits 70.17, Bollinger upper band at 97.49 with clear resistance. 1H MACD shows a golden cross but 4H candles are narrowing, indicating diminishing bullish momentum. Market depth is unbalanced at -9.78%, with sell orders slightly thicker than buy orders, but price remains firm without breaking. Funding rate is neutral at 0.0065%, open interest is stable, lacking short squeeze momentum.
Current price 96.57 has exceeded the upper boundary of the suggested entry zone at 96.09, making chasing higher less cost-effective. Waiting for the price to fall back into the zone before entering is a safer trading approach.
🎯Direction: Long (buy on pullback)
⚡Entry/Order: 96.09 (upper boundary of the zone)
🛑Stop loss: 90.35
🚀Target 1: 101.49
🚀Target 2: 105.21
🛡️Trade management: - After reaching Target 1, reduce position by 50%, move stop loss to break-even level. If the price falls below the entry point, exit immediately.
Depth logic: Although 4H momentum is waning, 1H remains in a bullish alignment, with EMA20/50 both trending upward. The price bouncing off EMA20 (95.36) provides strong support. A pullback to 96.09 is a retest of the 1H previous high support, with a risk-reward ratio of about 1:2.5, offering short-term trading value.
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