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$SOL Signal】Hold Cash and Wait — Downtrend Continuation in Deep Imbalance
$SOL Weak oscillation below EMA20 (82.8), 4H timeframe shows a downtrend continuation pattern. Price declines but open interest (OI) remains stable. Coupled with a negative funding rate (-0.0131%), this indicates a bearish dominance. However, there has been no large-scale short squeeze or panic selling, suggesting a bearish distribution phase.
🎯 Direction: Hold Cash (NoPosition)
Market depth imbalance (6.01%) favors the sellers. Although bid thickness (Bids) is slightly better, the price cannot effectively rebound, i