$SOL Signal】Bearish continuation, 1H/4H double top resistance


$SOL 4H Bollinger Band lower band at 69.66 remains under pressure, RSI drops below 30 to 26.10, bullish resistance is very weak. 1H MACD green bars shrink to -0.0778, funds actively exit. Market buy depth ratio is 1.13, but the best bid is densely clustered, current price 71.61 not fully absorbed. Short-term risk-reward ratio is close to 1:1.5, do not chase shorts but can wait for rebound orders.
🎯Direction: short
⚡Entry/Order: 71.3952 - 71.6100
🛑Stop loss: 72.3261
🚀Target 1: 70.5359
🚀Target 2: 69.9988
🛡️Trade management: - Execute strategy: reduce 50% of position after reaching Target 1, and move stop loss to break-even. If price falls back into entry zone, automatically exit to protect principal.
4H volume expands during decline (7.51 million contracts), sell orders actively dumping, current 1H rebound is weak. Open interest remains stable, no signs of short squeeze. Shorting aligns with trend, patiently wait for entry points.
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SOL-5.63%
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