【$SOL Signal】Short | Rally Exhaustion, Bears Take Control

$SOL The 1H level rally has come to an abrupt halt at key resistance, with price firmly suppressed below EMA20, bears unable to mount a counterattack. The 4H level shows continuous bearish candles, with the overall structure displaying a shock downtrend pattern.

🎯Direction: Short

⚡Entry/Pending Order: Can enter near current price 88.03, or wait for rally to 88.10-88.20 zone to add position.

🛑Stop Loss: 88.66 (above previous high)

🚀Target 1: 86.40 (previous low support)

🚀Target 2: 85.00 (4H level strong support zone)

🛡️Trade Management:
- Execution Strategy: Once price reaches first target, move stop loss of remaining position down to near entry price to lock profits, allowing remaining position to pursue larger gains. If rally weakens, consider partial take profit near Target 1.

Deep Logic: Order book data reveals the truth. Although the latest 1-hour candle shows buy orders at 0.75 ratio, price hasn't moved, typical "inflated buy orders." More critically, sell depth thickens sharply above 88.10, forming a solid selling pressure wall. This "lively buying, immobile price" phenomenon often indicates whales covering exits or luring longs, while true downward momentum is accumulating. The market logic suggesting "weak rally, bears regain dominance" perfectly aligns with the data.

Check Real-time Chart 👇 $SOL
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