$SOL Short position sniper | Selling pressure imbalance, 4H rebound momentum weakening


$SOL Market buy order depth is only 0.82, selling pressure continues. The 4H MACD histogram is turning red but the gap is narrowing, indicating a clear weakening of the rebound strength. The middle band of the Bollinger Bands at 65.45 becomes a strong resistance, and the current price is under pressure below the middle band, favoring the bears. RSI hovers around 40, lacking buying momentum in the short term.
🎯Direction: short
⚡Entry/Order: 64.0772 - 64.2700
🛑Stop loss: 64.9127
🚀Target 1: 63.3059
🚀Target 2: 62.8239
🛡️Trade management: - After reaching Target 1, reduce position by 50%, move stop loss to break-even. If the price rebounds to the lower end of the entry zone, exit proactively to protect capital.
To be cautious, if funding rates turn positive or open interest surges significantly, watch out for short squeeze. Currently, negative funding rates align with selling pressure depth, giving a higher probability of success for short positions.
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