$SOL Signal】Pullback to go long, 1H oversold correction


$SOL The 1H RSI dropped to 21.6, entering an extremely oversold zone. The 4-hour Bollinger Band lower band at 82.9 was pierced and quickly recovered, forming a false breakout structure. Market depth shows that buy orders in the 83.0 to 83.1 range far exceed sell orders, indicating a clear intention of capital support.

🎯Direction: Long

⚡Entry/Order placement: Layered entries between 82.30 - 82.49

🛑Stop loss: 80.63

🚀Target 1: 89.94

🚀Target 2: 93.66

🛡️Trade management:
- Execution strategy: After reaching the first target, reduce position by 50% to lock in profits, and move the remaining stop loss to the entry price. If the price cannot hold above 83.5, consider exiting early.

In the current negative fee environment, open interest remains stable without panic selling. The 1-hour MACD histogram is contracting, indicating weakening bearish momentum. The 4-hour price has touched the lower Bollinger Band, usually accompanied by a technical rebound. The risk-reward ratio exceeds 4, making this setup quite favorable.

View real-time market 👇 $SOL
---
Follow me: Get more real-time analysis and insights on the crypto market! $BTC $ETH $SOL
SOL-4,56%
BTC-4,72%
ETH-3,87%
View Original
post-image
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • Comment
  • Repost
  • Share
Comment
Add a comment
Add a comment
No comments
  • Pin