【$SOL Signal】No Position | Weak Rebound in Downtrend

$SOL After a decline on the 4H timeframe, the market enters a weak consolidation, with price suppressed below EMA20 (80.95), showing no strong rebound.
🎯Direction: No Position
Market Analysis: After dropping from a high of 82.07, the price is oscillating weakly within the 76.54-79.44 range. The 4H candlestick shows weak buying pressure (Buy/Sell Ratio < 0.5), and a deep imbalance of -15.88% indicates that sell walls (Asks) are significantly thicker than buy walls (Bids), with heavy selling pressure above.
Hardcore Logic: Key data points to a bearish dominance. The funding rate is -0.0006%, negative, but open interest (OI) remains stable. Combined with falling prices, this suggests not short squeezing but a strong market bearish sentiment. RSI at 38.11 is in the weak zone, with price below EMA20 and EMA50, indicating a medium-term downtrend.
The current price of 78.95 is close to the upper boundary of the consolidation zone but lacks the momentum for a volume breakout. The order book shows a large number of sell orders (7159.56) in the 79.00-79.10 range, forming a strong resistance. Until a volume-driven bullish candle breaks above EMA20 and stabilizes, and the depth imbalance turns positive, a bullish structure has not formed.
Risk Control Perspective: ATR is 2.1550, indicating moderate volatility. Currently, there is no clear support structure or capital inflow signal for long positions, and short positions face potential rebound risks under negative funding rates. The win rate is insufficient; the best strategy is to stay on the sidelines and wait for clearer price action signals.
Trade here 👇 $SOL
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