$SOL Signal】Short positions; 1H ranging near the downside edge awaiting breakout


$SOL 1H MACD has a bullish crossover, but the histogram is shrinking; the 4H Bollinger lower band 76.4 and upper band 79.3 narrow as the range tightens. Order book depth ratio is 0.88; the sell-wall sits around 77.5, and buy orders are being absorbed slowly. Funding rate is 0.01% steady, and OI shows no abnormal fluctuations. In the short term, longs and shorts are stuck, but sell order density is higher than buys, so the probability of a breakdown is higher.
🎯Direction: short
⚡Entry/Orders: 77.0581 - 77.2900
🛑Stop loss: 78.0629
🚀Target 1: 76.1307
🚀Target 2: 75.5510
🛡️Trade management:
- Execution plan: After reaching Target 1, cut 50% of the position, and move the stop loss up to breakeven. If price drops back to the entry area, automatically exit to protect principal.
- 1H has repeatedly tested 77.5 without success, while sell pressure continues to build; the 4H Bollinger mid-band has shifted downward, forming resistance. The current risk-reward is about 1.5; if 76.0 breaks through, short momentum will accelerate.
Check live market 👇 $SOL
---
Follow me: Get more real-time crypto market analysis and insights!
#LAB两日腰斩53% $BTC $ETH $SOL
SOL0.20%
LAB-28.52%
View Original
post-image
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • Comment
  • Repost
  • Share
Comment
Add a comment
Add a comment
No comments
  • Pinned