$SOL 1H level experienced a massive bearish candle (77.06), and the price stabilized in a sideways range around 78.5. The RSI(1H) has entered the oversold zone at 28.77, indicating a technical rebound is needed. Although the 4H level is still in a downtrend, the latest candle closed with a long lower shadow, and open interest (OI) remains stable without signs of panic selling, providing a window for a short-term rebound.


🎯Direction: Long (Long)
⚡Entry/Order: 78.40 - 78.60
🛑Stop Loss: 77.00
🚀Target 1: 80.50
🚀Target 2: 82.00
🛡️Trade Management:
- Position suggestion: Light position
- Execution strategy: After reaching Target 1, reduce position by 50% and move the stop loss to the entry price. For the remaining position, look toward Target 2. If the price repeatedly oscillates in the entry zone for more than 2 hours without a move, exit proactively.
Depth logic: Sharp decline accompanied by high volume, but OI remains stable, suggesting this is more likely a liquidation of long leverage rather than main force distribution. The 1H RSI is severely oversold, indicating a need for correction. The order book shows significant buy-side depth (78.4-78.3), providing short-term support. Negative funding rate (-0.0201%) may attract some arbitrage buying. This is a short-term sniper trade based on oversold rebound, quick in and out.
Check real-time market 👇#Gate广场发帖领五万美金红包 $SOL
SOL3,24%
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
0/400
No comments
  • Pin

Trade Crypto Anywhere Anytime
qrCode
Scan to download Gate App
Community
  • 简体中文
  • English
  • Tiếng Việt
  • 繁體中文
  • Español
  • Русский
  • Français (Afrique)
  • Português (Portugal)
  • Bahasa Indonesia
  • 日本語
  • بالعربية
  • Українська
  • Português (Brasil)