$SOL Signal: Short Squeeze — 4H selling pressure persists, 1H rebound lacks strength

$SOL Around 68.78, order thickness is balanced, but the sell orders are actively pushing prices down. The most recent 4H candle is a large bearish engulfing line (low at 68.32), with trading volume increasing to 4.55 million lots. Buying interest has clearly diminished.

🎯Direction: short

⚡Entry/Orders: 68.5737 - 68.7800

🛑Stop Loss: 70.9046

🚀Target 1: 65.5931

🚀Target 2: 63.9997

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

Depth logic: The 4H MACD fast and slow lines continue to decline. Although the green bars are shrinking, they have not turned positive, indicating bearish momentum has not exhausted. After rebounding to 70.45 on the 1H chart, the price quickly fell back, forming a long upper shadow, showing short-term bullish momentum is insufficient. Funding rates are extremely low (0.0002%), with no short squeeze risk. The current risk-reward ratio is about 1.5, making it suitable for short-term trading.

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