【$SOL Signal】Bearish continuation + weak 1H rebound

$SOL The 1H Bollinger Bands narrow to 72.79-74.27. RSI 31.23 remains in the oversold zone, but the MACD red histogram shows reduced volume after shrinking and has not expanded with volume. The 4H bearish alignment is unchanged; EMA20/50 moving averages continue to be suppressive. The sell volume ratio remains consistently higher than the buy side. The latest candle’s sell pressure is 0.40, and the buy-back depth below is insufficient.
🎯 Direction: short
⚡ Entry/limit orders: 73.4689 - 73.6900
🛑 Stop loss: 74.4269
🚀 Target 1: 72.5846
🚀 Target 2: 72.0320
🛡️ Trade management:
- Execute strategy: After reaching Target 1, cut 50% position size and move the stop loss up to the breakeven level. If price falls back to the entry area, automatically exit to protect principal.
Chasing shorts further in the oversold zone needs caution for short-term rebounds. However, sell-side dominance combined with the 4H bearish trend means the risk-reward is still acceptable. OI is stable, funding rates are neutral, and there is no short-squeeze signal.
View live market 👇 $SOL
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