$SOL Signal】Shorting, 1H rebound encountering resistance + 4H trend suppression


70.36 high point met with selling, 1H Bollinger Band upper band forms effective resistance. MACD golden cross volume bars continue to shrink, bullish momentum wanes. 4H Bollinger Band middle line at 72.05 diverges downward, price trading below the moving average, bearish pattern remains unchanged.
Order book sell pressure accounts for 5.9%, two consecutive bearish candles engulfed the morning rally. Current risk-reward ratio is 1.5, suitable for shorting during a weak rebound.
🎯 Direction: Short
⚡ Entry/Order: 69.1519 - 69.3600
🛑 Stop loss: 70.0536
🚀 Target 1: 68.3196
🚀 Target 2: 67.7994
🛡️Trade 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.
Funding rate -0.0091%, very low cost for shorts, but open interest remains stable, no signs of panic liquidation. 1H RSI drops to 41, rebound is weak, buy-side liquidity is sparse below, with 68.3 near the 4H Bollinger Band lower band as support; a break below opens up space.
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SOL0.11%
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