【$SOL Signal】Bear pressure, shorting on rebound

$SOL 1H timeframe continues to struggle near the lower Bollinger Band, with a break in buying volume. The 4H MACD histogram continues to expand, indicating persistent bearish momentum.

Price repeatedly tests around 81.50, with sell orders clearly thicker than buy orders, resulting in a depth imbalance of 2.16%.

🎯Direction: Short

⚡Entry: Short directly near the current price of 81.50, or add to short positions if it rebounds to around 82.20.

🛑Stop loss: 83.86

🚀Target 1: 81.87

🚀Target 2: 81.20

🛡️Trade management: - Execute strategy: halve the position near Target 1, move the remaining stop loss to breakeven, and aim for Target 2. If the price rebounds back into the entry zone, exit unconditionally.

Position volume remains stable but the price is declining, with weak willingness for funds to support. The 1-hour RSI has entered the oversold zone but shows no divergence, which is a normal phenomenon in a weak downtrend and not a reversal signal. Negative funding rates have failed to trigger a decent rebound, and market sentiment remains pessimistic. In this market, the strength of a rebound is key to testing whether the bears have exited; currently, each rebound is quickly suppressed.

Check real-time market 👇 $SOL
---
Follow me: Get more real-time analysis and insights on the crypto market! $BTC $ETH $SOL
‍#Gate上线Pre-IPOs #Gate现货衍生品双双冲进全球前三 #原油小幅上涨