$SOL The 1H timeframe has entered the oversold zone, RSI has dropped to 35.1, and the price is oscillating narrowly around 81.5, indicating weakening downward momentum. The 4H timeframe shows the price retracing below the EMA50 (83.39), but open interest remains stable, with no signs of panic selling, suggesting more of a bullish shakeout. The order book shows a weak sell wall (only 322 units at 81.48), with buy orders accumulating below, leading to an imbalance of -1.65%, indicating a technical rebound is needed.
🎯Direction: Long (Long) ⚡Entry/Order: 81.30 - 81.45 🛑Stop Loss: 80.70 🚀Target 1: 82.80 🚀Target 2: 83.60 🛡️Trade Management: - Position suggestion: Light position - Execution strategy: After reaching Target 1, reduce position by 50% and move the stop loss up to the entry price. Hold the remaining position to aim for Target 2; if the price cannot stabilize above 82.00, exit all. Depth logic: The price has been declining continuously but open interest remains stable, indicating it’s not major players offloading but rather a bullish leverage washout. The 1H RSI is severely oversold, suggesting a technical correction is needed. Negative funding rate (-0.0163%) suppresses excessive shorting, which is favorable for a short squeeze rebound. The key is whether the price can quickly recover above the 1H EMA20 (82.39) to confirm a short-term momentum reversal. Check real-time market 👇#Gate广场发帖领五万美金红包 $SOL
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$SOL The 1H timeframe has entered the oversold zone, RSI has dropped to 35.1, and the price is oscillating narrowly around 81.5, indicating weakening downward momentum. The 4H timeframe shows the price retracing below the EMA50 (83.39), but open interest remains stable, with no signs of panic selling, suggesting more of a bullish shakeout. The order book shows a weak sell wall (only 322 units at 81.48), with buy orders accumulating below, leading to an imbalance of -1.65%, indicating a technical rebound is needed.
🎯Direction: Long (Long)
⚡Entry/Order: 81.30 - 81.45
🛑Stop Loss: 80.70
🚀Target 1: 82.80
🚀Target 2: 83.60
🛡️Trade Management:
- Position suggestion: Light position
- Execution strategy: After reaching Target 1, reduce position by 50% and move the stop loss up to the entry price. Hold the remaining position to aim for Target 2; if the price cannot stabilize above 82.00, exit all.
Depth logic: The price has been declining continuously but open interest remains stable, indicating it’s not major players offloading but rather a bullish leverage washout. The 1H RSI is severely oversold, suggesting a technical correction is needed. Negative funding rate (-0.0163%) suppresses excessive shorting, which is favorable for a short squeeze rebound. The key is whether the price can quickly recover above the 1H EMA20 (82.39) to confirm a short-term momentum reversal.
Check real-time market 👇#Gate广场发帖领五万美金红包 $SOL