【$SOL Signal】1H momentum decay—waiting for a pullback to catch the dip for a long position

$SOL RSI 4H 72.7 has touched the overbought zone, with sell order depth -20.7% showing heavier sell pressure at high levels. The 1H MACD death cross has formed, and bullish momentum continues to weaken. Currently 89.46 is sticking closely to the 4H Bollinger upper band; for further upside, a volume breakout above 90.13 (the previous high) is needed. Otherwise, it is likely to pull back and retest support.
🎯 Direction: Long (catch the dip on a pullback)
⚡ Entry/Order: 89.01 (recommended upper range; catch the dip)
🛑 Stop loss: 85.09 (below the previous low and under EMA50)
🚀 Target 1: 90.19 (near the 4H Bollinger upper band)
🚀 Target 2: 91.89 (the high of the prior dense trading area)
🛡️ Trade management: - Execution plan: after reaching Target 1, reduce the position by 50%, and move the stop loss up to breakeven. If the price breaks below the entry level, exit automatically.
Current funding rate is only 0.0087%, indicating low bullish crowding and a low probability of a short squeeze. Be patient—wait for confirmation of buy-side order strength around 89.01 before re-entering, for a more favorable risk-reward ratio.
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