washnominationhearingdelayed

【$SOL Signal】Buy on dip, negative funding rate short squeeze brewing

After continuous decline on the 1H chart, $SOL found buying support around 86.2, with strong support at the 4H Bollinger lower band at 83.14. The order book depth is imbalanced at -8.72%, with shorts dominating, but the negative funding rate of -0.0083% combined with price not making new lows creates potential for a short squeeze.

🎯 Direction: Long

⚡ Entry/Orders: Scale in between 85.21 - 86.97

🛑 Stop Loss: 84.53

🚀 Target 1: 91.86

🚀 Target 2: 94.30

🛡️ Trade Management:

- Strategy: After hitting Target 1, reduce position by 50% and move stop loss to breakeven. If price falls back to entry, exit automatically to protect capital.

The 1H MACD histogram is contracting, indicating weakening bearish momentum, RSI dropped to 35.59 entering oversold territory. On the 4H chart, price still holds above the EMA50 at 85.38, so the mid-term structure remains intact. Open interest is stable, and under negative funding rate conditions, short positions’ cost increases, so a strong bullish candle on 1H could trigger short covering. Current risk-reward ratio is close to 2, risk is manageable.

Check live price 👇 $SOL

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