【$SOL Signal】Short-term pullback; 4H resistance level faces rejection

$SOL After the 1H MACD golden cross, volume shrank. The price rebounded to the intersection zone of the 4H Bollinger middle band and EMA50, where selling pressure began to emerge. Although buy-side depth is dominant (1.37), the price failed to break through 74.4 effectively, indicating insufficient willingness for the bulls to actively push upward.
🎯 Direction: short
⚡ Entry/Limit order: 73.93 - 74.15
🛑 Stop loss: 74.89
🚀 Target 1: 73.04
🚀 Target 2: 72.48
🛡️ Trade management:
- Execute strategy: After reaching Target 1, reduce the position by 50% and move the stop loss up to the breakeven level. If the price falls back to the entry level, exit automatically to protect principal.
Borrowing fee rate is close to zero, so short costs are extremely low. However, stable OI suggests no large-scale short-squeeze signal has appeared. The 4H RSI is neutral to slightly low at 44; if it breaks below the intraday low within the past 73 days, bearish momentum will accelerate. The risk-reward ratio is 1.5, worth a shot, but watch out for a sudden market rally that could trigger the stop loss.
Check real-time price 👇 $SOL
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