【$SOL Signal】Hold Cash and Wait — Downtrend Continuation in Deep Imbalance

$SOL Weak oscillation below EMA20 (82.8), 4H timeframe shows a downtrend continuation pattern. Price declines but open interest (OI) remains stable. Coupled with a negative funding rate (-0.0131%), this indicates a bearish dominance. However, there has been no large-scale short squeeze or panic selling, suggesting a bearish distribution phase.

🎯 Direction: Hold Cash (NoPosition)

Market depth imbalance (6.01%) favors the sellers. Although bid thickness (Bids) is slightly better, the price cannot effectively rebound, indicating that buying is only passive support without active upward momentum. RSI (37.9) is in the weak zone but not oversold, leaving room for further decline.

The key logic is: 1) Price is suppressed below all major EMAs, indicating a downtrend. 2) Negative funding rate + stable OI imply low holding costs for bears and no risk of a short squeeze. 3) The 4H candlestick rebound highs are gradually decreasing (81.44 -> 81.08 -> 80.93), with persistent selling pressure. To go long, wait for a strong recovery above EMA20 accompanied by rising OI. Currently, it is only a weak consolidation during a downtrend, not suitable for bottom fishing on the left side.

Trade here 👇 $SOL

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