【$SOL Signal】Bearish momentum is releasing, targeting a failed rebound

$SOL 1H level order book depth is completely unbalanced, with sell orders stacking above 85.86, and active selling pressure persists. The 4-hour MACD histogram continues to lengthen below zero, but the price is unable to rebound, a typical divergence of momentum. The 1-hour RSI drops to 30.5, seeming oversold, but funding rates remain negative, and open interest is stable. No large-scale bottom-fishing funds are entering, indicating this weak rebound is likely just a continuation of the downtrend.

🎯Direction: Short

⚡Entry/Orders: Accumulate in the 85.09 - 85.27 range

🛑Stop-loss: Below 83.56

🚀Target 1: 92.13

🚀Target 2: 95.56

🛡️Trade Management:
- Execution strategy: After reaching the first target, reduce position by half, and move the remaining stop-loss up to the entry price. If the price cannot effectively break below 84.50 and quickly rebounds, consider exiting early.

Market data shows that buy orders are heavily stacked in the 85.70-85.80 range, as if deliberately supporting the price, but sell orders above are even denser. This structure is prone to being broken through in one go. Open interest has not decreased with the price decline, indicating that short positions are still held and have not been profitably closed. The lower band of the 1-hour Bollinger Bands was pierced and then recovered, but the midline at 87.15 has become a strong resistance. Any rebound to this level is an opportunity to add positions. The risk-reward ratio exceeds 1:4, making it worthwhile to use smaller positions to bet on the continuation of this trend.

Check real-time market 👇 $SOL
---
Follow me: Get more real-time analysis and insights on the crypto market! $BTC $ETH $SOL