$SOL Signal | Short position, placing orders at high levels on the 4H chart to gamble on a pullback

Bid/Ask depth ratio 1.40, buy orders are 16.79% thicker than sell orders, but the 1H MACD histogram is -0.0102, indicating gradually weakening momentum.
The middle band of the 4H Bollinger Bands is at 84.85, with the price repeatedly testing below the middle band, and the upper band at 87.41 forming a short-term barrier.
🎯Direction: Short
⚡Entry/Order: 88.24 (break above the 4H upper band to place a resistance short order)
🛑Stop loss: 88.95
🚀Target 1: 86.83
🚀Target 2: 86.12
🛡️Trade management:
- Execution strategy: Reduce position by 50% at Target 1, move stop loss to breakeven. If the price rebounds and hits the stop loss, exit decisively.
Currently, there is a distance from 84.63 to the order, patience is needed as the price pushes higher to test the high zone. The 4H RSI is only 36, relatively low, but the funding rate is -0.0055%, indicating cost pressure on the bears. If buying momentum cannot continue, liquidity at higher levels may drain. Objectively, this position offers a good risk-reward ratio for shorting, but wait until the price reaches the level before acting.
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