【$SOL Signal】Bearish momentum is releasing, targeting a failed rebound

$SOL 1H level order book gap, price breaks below the 80 integer level and continues to decline. The 4H Bollinger Bands are opening downward, with price trading below the middle band. MACD lines are in a death cross below the zero line and continue to diverge, indicating bearish momentum has not yet exhausted. The 1H RSI has fallen near 30, but the rebound is weak; each small rally is quickly suppressed by sell orders.

🎯Direction: Short

⚡Entry: Enter around the current price of 79.47, or add to positions on a rebound to the 79.80-80.00 zone.

🛑Stop Loss: 80.80

🚀Target 1: 77.50

🚀Target 2: 75.80

🛡️Trade Management:
- Execution Strategy: Reduce 50% of the position after reaching Target 1, and move the remaining stop loss down to the entry price. If the price rebounds and breaks above 79.80 and stabilizes, consider exiting early.

Market data shows significant sell orders accumulating in the 79.50-79.60 range, while buy orders below are sparse, with little support below 79.30. Open interest remains stable, but funding rates have turned negative, indicating growing bearish sentiment. Under this structure, any weak rebound is an opportunity to add to short positions, with a risk-reward ratio exceeding 1:3 worth trying.

View real-time quotes 👇 $SOL
---
Follow me: Get more real-time analysis and insights on the crypto market! $BTC $ETH $SOL