$SOL Signal: 4H oversold area short covering, continue to chase the short

$SOL RSI 4H drops to 23, downward momentum is weakening, MACD histogram negative values have narrowed for two consecutive periods. On the 1H chart, buying interest appears near the lower Bollinger Band at 68.6, but the depth imbalance is -6.33%, and the support strength is limited.

🎯Direction: short

⚡Entry/Order: 70.2400

🛑Stop loss: 70.9424

🚀Target 1: 69.1864

🚀Target 2: 68.6596

🛡️Trade management:
- Execution strategy: Reduce 50% of the position after reaching Target 1, and move the stop loss to break-even. If the price falls back into the entry zone, automatically exit to protect capital.

Funding rate -0.0252%, selling pressure has not been fully released, and continuing to short after a rebound is a reasonable choice. Although the 1H MACD has narrowed, it has not yet formed a golden cross, indicating short-term rebound is weak.

Check real-time market 👇 $SOL
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