$SOL Signal】Shorts continue | 1H oversold bounce lacking momentum

$SOL RSI 1H fell to 25.61, consolidating in the oversold zone but no bargain-buying volume has shown up. Bid depth is only 0.72, and sell pressure continues to suppress the rebound. On the 4H chart, the MACD green bars keep expanding, and there’s no sign that bearish momentum is exhausting. In the order book, sell orders are densely clustered in the 75.80-76.00 range; any rebound is quickly pushed back. Objectively, the current risk-reward tilts toward the shorts, but be alert to the risk of wick spikes after oversold.
🎯 Direction: short
⚡ Entry / pending orders: 75.4031 - 75.6300
🛑 Stop-loss: 76.3863
🚀 Target 1: 74.4956
🚀 Target 2: 73.9283
🛡️ Trade management:
- Execution plan: After reaching Target 1, cut 50% of the position, and move the stop-loss up to the breakeven level. If price falls back to the entry level, automatically exit to protect principal.
Depth logic: The 1H chart shows consecutive bearish candles stacked with decreasing trading volume, making rebound weakness evident. On the 4H, the lower Bollinger Band opens into a “horn,” implying strong acceleration expectations. The funding rate at -0.0038% is relatively neutral, but it hasn’t formed a short-squeeze condition; the short position’s safety margin remains acceptable.
View live market 👇 $SOL
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