$SOL Signal | Oversold zone short continuation, 4H Bollinger Band about to break down


$SOL 4H RSI drops below 15, buying depth ratio 1.06 but price continues to decline, selling pressure not exhausted. 1H MACD shows positive bars, but volume is exhausted, rebound is weak. Funding rate -0.0038%, bears dominate but not extremely crowded. 4H Bollinger Band lower band at 59.14 is close, price is testing new lows.
🎯Direction: Short
⚡Entry/Order: 61.5000 (Range 61.4052-61.5900)
🛑Stop Loss: 62.2059
🚀Target 1: 60.6662
🚀Target 2: 60.2042
🛡️Trade Management:
- Execution 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.
Current risk-reward ratio is about 1.5. After continuous decline, oversold conditions are likely to rebound, but the downtrend has not reversed, so trend-following shorting is more prudent. View real-time market 👇 $SOL
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SOL2.2%
BTC0.91%
ETH1.69%
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