【$SOLUSDT】Don't rush to buy the dip/chase the high, check this first

$SOLUSDT On the one-hour level, price has broken above the Bollinger upper band, with RSI surging to 73.67, showing obvious overbought conditions on the buy side. However, the four-hour MACD just formed a golden cross, and the daily EMA20 and EMA50 are converging around 88.5, forming a strong support zone. During the pre-US market open trading period, the intent of capital support is completely exposed, with funding rates crushed down, price holding up under this negative funding rate—a typical harbinger of a short squeeze structure.
At current price 91.38, go short directly with stop loss placed above 92.30. Watch for a pullback to 89.20, reduce position by half when reached, with remaining position targeting 85.70. Risk/reward ratio 4:1, this trade is worth risking 5% position size for.
Check real-time charts 👇 $SOLUSDT
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