$SOL Signal】1H rebound meets resistance, short covering logic invalidated


$SOL Current price 68.00, trading above the 1H Bollinger Band mid-line at 67.06, MACD histogram expanding above zero line but momentum decreasing. 4H RSI 45.31 near the midline, buy depth ratio 0.92 indicating thicker sell-side orders. Funding rate 0.006% in neutral range, no short squeeze conditions.

🎯Direction: Short

⚡Entry/Limit Order: 67.80 - 68.00

🛑Stop Loss: 68.68

🚀Target 1: 66.98

🚀Target 2: 66.47

🛡️Trade Management:
- Execution Strategy: After reaching Target 1, reduce position by 50% and move stop loss to breakeven. If price drops back to entry price, exit automatically to protect principal.

Deep Logic: The last 1H bullish candle showed volume increase but failed to close above 68.20, casting doubt on buying sustainability. Current price is below 4H EMA20/50, limiting upside potential. If testing resistance above 68.00 fails, the short covering window closes, and downside target is near 66.40.
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SOL-1.22%
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