【$SOL Signal】Bearish pullback did not break, 1H top divergence confirmed

$SOL 1H MACD top divergence, Histogram turns red but the bars shrink, with a 0.52 buy ratio indicating weak buying pressure. The 4H Bollinger Band middle line at 71.9 acts as resistance, with price stuck in a narrow range of 69.7-69.8, and the deep imbalance of -0.22% shows sellers are slightly dominant. The recent rebound failed to break above the EMA20, indicating bulls lack confidence for a strong push. From the risk-reward perspective, a 1:1.5 profit ratio is acceptable in a ranging market, but stop-loss must be strictly above 70.48.

🎯Direction: Short

⚡Entry/Order: 69.5707 - 69.7800 (Place orders near current price, or re-enter after rebound to the upper boundary of the range)

🛑Stop-loss: 70.4778

🚀Target 1: 68.7333

🚀Target 2: 68.2099

🛡️Trade management:
- Execution strategy: Reduce 50% of position after reaching Target 1, and move stop-loss to break-even. If price falls back to entry level, automatically exit to protect capital.

4H momentum is weakening, open interest remains stable, and the negative fee rate of -0.0057% indicates low cost of short positions, with no short squeeze risk in the short term. 1H RSI is at 47.85, still room before oversold, combined with declining funding rate, suggesting relatively light downward resistance. The only hidden risk is the 4H lower Bollinger Band around 68.0; if quickly broken, it could accelerate downward, otherwise it will take time to gain space.

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