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$SOL Signal: Multiple head retracement support, 1H oversold correction
$SOL 1H RSI drops to 42.9, MACD histogram shortens for three consecutive bars, bearish momentum wanes. The middle band of the 4H Bollinger Bands at 67.33 forms a strong support, buying depth ratio 0.87, active order absorption below.
🎯Direction: long
⚡Entry: 67.5567 - 67.7600
🛑Stop loss: 67.0824
🚀Target 1: 68.7764
🚀Target 2: 69.2846
🛡️Trade management: Reduce position by 50% after reaching Target 1, move stop loss to break even. Exit immediately if price falls below entry level during pullback, do not hold through.
Funding rate -0.0102% negative, long position cost is low, if price stabilizes it may easily trigger a short squeeze. Short-term risk-reward ratio 1.5, worth a shot.
Check real-time market 👇 $SOL
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