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【$SOLUSDT】Don't rush to buy the dip/chase the high, check this first
$SOLUSDT Negative funding rates with price holding firm, European market open rush trading but consolidating with shrinking volume, this price action is pure meat grinder. 4-hour MACD death cross below zero, histogram contracting but not turning red, bearish momentum pausing but not reversing. 1-hour Bollinger Band lower rail 85.46 being repeatedly tested, buy-side depth imbalance exceeding 10%, orders between 85.8 to 85.75 below extremely thin, support breaks clearly. Price being suppressed below EMA20 and EMA50, bearish MA alignment unchanged. At current price around 85.9 go short directly, set stop loss above 86.3. First target 84.2, second target 83.7. When breaking below previous low 83.7 zone, consider partial profit-taking in batches, risk/reward ratio exceeds 4, this trade is worth a try.
Check real-time charts 👇 $SOLUSDT
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