$SOL Signal】4H bearish momentum persists, rebound is weak, consider shorting


$SOL Order depth continues to shrink, after the 1H MACD bearish crossover, the histogram expands, 4H bearish momentum shows no signs of weakening. Price hovers around 85.2, buying pressure is insufficient to push a rebound. Current risk-reward ratio is acceptable, the bearish structure is intact, worth trying.

🎯Direction: Short

⚡Entry: Short at current price 85.27, or place orders within the range of 85.24-86.28

🛑Stop loss: 86.97

🚀Target 1: 84.90

🚀Target 2: 84.21

🛡️Trade management: Reduce position by half upon reaching 84.90, move stop loss to break-even. If stop loss is hit at 86.97, accept the loss to avoid fighting against the trend.

Negative funding rate indicates that bearish sentiment is not extreme, but selling pressure remains strong, 4H Bollinger Bands are opening downward, indicating the bearish trend continues. Rebounds around 85.6 can add to positions, but position size should be controlled.

Check real-time market 👇 $SOL
---
Follow me: Get more real-time analysis and insights on the crypto market! $BTC $ETH $SOL
#WCTC交易赛瓜分800万USDT #加密市场行情震荡 #rsETH攻击事件后续进展
SOL1.23%
BTC0.79%
ETH1.56%
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
  • Pin