【$SOL Long】Funding rate negative + 4H Bollinger mid-band support

$SOL 1H MACD bearish crossover expanding, RSI falling to 49.26, and the price briefly pierces the 1H EMA20. But around the 4H Bollinger mid-band at 76.5985, buy orders are clearly stacked. With the funding rate at -0.001%, shorts continue to pay interest, while OI remains stable as positions are locked. After selling pressure is released, buy-the-dip demand emerges, and conditions for short covering gradually accumulate.
🎯Direction: Long
⚡Entry/Limit order: 77.20
🛑Stop loss: 76.5567
🚀Target 1: 78.4900
🚀Target 2: 79.0699
🛡️Trade management:
- Strategy execution: After reaching Target 1, cut position by 50%, and move the stop loss up to breakeven. If price falls back to the entry level, automatically exit to protect principal.
With the funding rate staying negative, short positions’ costs remain high. If a short-term rebound occurs with increased volume, the short-squeeze momentum shouldn’t be underestimated. Risk-reward ratio is about 1.5, and the cost-effectiveness is acceptable.
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