$SOL Signal | 1H Bollinger Bands opening upward + negative fee rate support, buy the dip to go long


$SOL 1H Bollinger Bands narrowing then opening upward, price stabilizes above the midline 64.664. Buy order depth is dominant, Bid/Ask depth ratio 1.08, sell orders are weak. 4H MACD golden cross expanding, histogram enlarging. Funding rate -0.0001%, bears paying to hold, but price remains firm without breaking support. The current market shows typical signs of a short squeeze — negative fee rate combined with upward momentum, with dense orders around 64.95 forming support.
🎯Direction: Long
⚡Entry/Order: 64.9546 - 65.1500
🛑Stop loss: 64.4985
🚀Target 1: 66.1273
🚀Target 2: 66.6159
🛡️Trading management:
- Execution strategy: Reduce 50% of position after reaching Target 1, and move stop loss to break-even. If price falls back into the entry zone, automatically exit to protect capital.
The risk-reward ratio in this range is about 1:1.5. Considering the suppression of shorts by negative funding rates, going long offers higher cost-effectiveness. Once breaking through 66.3, a rapid short squeeze is highly likely.
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SOL4.76%
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