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【$SOL Signal】Pullback to buy, main force's bottom support intention exposed
$SOL 1H RSI has dropped to 23.47, entering an extreme oversold zone. The 4-hour Bollinger Bands lower band around 82.23 shows heavy buy orders, with over 150,000 buy orders stacked below 83, fully revealing the capital support intention. MACD 1-hour histogram is contracting, indicating weakening bearish momentum.
🎯Direction: Long
⚡Entry/Orders: Layered entries between 82.30 - 82.50
🛑Stop Loss: 80.50
🚀Target 1: 90.20
🚀Target 2: 94.00
🛡️Trade Management:
- Execution Strategy: Reduce 50% of position after reaching Target 1, move remaining stop loss up to entry price. If price cannot hold above 83.50, consider exiting early.
Position size remains stable; no large liquidation panic during sharp drops, indicating it’s not panic selling. Negative funding rates persist, short sellers pay costs, with potential for short squeeze. Current risk-reward ratio exceeds 4, making the odds highly attractive. This initial rebound after a sharp decline is often the most explosive phase.
Check real-time market 👇 $SOL
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