$SOL Signal】Bearish continuation: 1H MACD death cross + Bollinger lower band opening


$SOL 1H MACD fast and slow lines crossing below zero, selling momentum continues to expand. The lower band of Bollinger Bands at 70.33 has been broken, price is trading near the lower band. Market depth imbalance -4.15%, sell orders are significantly thicker than buy orders. 4H Bollinger Bands opening simultaneously, support at the lower band 70.33 has failed, indicating a continuation of the bearish trend.
🎯Direction: short
⚡Entry/Order: 70.5776 - 70.7900 direct short
🛑Stop loss: 71.4979
🚀Target 1: 69.7282
🚀Target 2: 69.1972
🛡️Trade management: After reaching Target 1, reduce position by 50%, move stop loss to entry level. If the price rebounds and breaks the stop loss, exit and observe.
Depth logic: 4H MACD bearish divergence, 1H RSI is in oversold zone at 29, but the funding rate is negative at -0.0087%, indicating market sentiment is bearish, with a high risk of a rebound. Risk-reward ratio of 1.5x, with a previous low-density zone around 69.7 below, setting stop loss about 1% above the current price is reasonable.
View real-time market 👇 $SOL
---
Follow me: Get more real-time analysis and insights on the crypto market! $BTC $ETH $SOL
#我的Gate交易时刻 #Gate股票7x24小时交易 #预测世界杯英格兰VS加纳
SOL-6.45%
View Original
post-image
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • Comment
  • Repost
  • Share
Comment
Add a comment
Add a comment
No comments