$SOL Signal】Short Continuation · 1H Broke Below Lower Bollinger Band


$SOL 1H candlestick broke below the Bollinger lower band at 68.65, hitting a short-term low of 68.32. Although the 4H MACD histogram shows slight contraction in negative bars, the 1H MACD death cross has both lines diverging below the zero line, and the bearish structure remains intact. Bid depth accounts for 54%, but sell pressure on the order book continues to suppress rebounds. This trade has a risk-reward ratio of 1.5, with a reasonable buffer by placing the stop loss above 69.35.
🎯Direction: Short
⚡Entry/Pending Order: 68.4640 - 68.6700
🛑Stop Loss: 69.3567
🚀Target 1: 67.6399
🚀Target 2: 67.1249
🛡Trade Management: - Execution Strategy: After reaching Target 1, reduce position by 50% and move stop loss to breakeven. If price falls back to entry, exit automatically to protect capital.
Bollinger Bands are widening downward, RSI is hovering around 38 with no obvious bullish divergence. When holding a short position, be wary of buy-back at the 68 integer level.
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SOL-2.17%
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