【$SOL Signal】No Position - Waiting on the Sidelines — Downtrend Continuation, No Valid Support Seen

$SOL Shows a clear downtrend on the 4H timeframe, with the price breaking below all key EMAs (20/50). Currently hovering around the previous low of 82.5, but buying pressure is weak.

🎯 Direction: No Position (NoPosition)

Market Analysis: The price has been closing lower consecutively. The 4H RSI (39) is not oversold, but the buy/sell ratio remains below 0.5, indicating strong active selling pressure. Open interest (OI) remains stable, and the funding rate is slightly negative. This is not a short squeeze but rather passive holding by longs suffering unrealized losses, with no signs of major players bottoming out.

Logical Analysis: The key issue is the lack of effective support confirmation and reversal structure. Deep imbalance stands at -4.72%, with ask (sell) orders significantly thicker than bid (buy) orders. Dense resistance forms around the 83.0-83.5 area. Although the price pauses near 82.5, volume diminishes, and there are no strong Pin Bars or bullish engulfing patterns, suggesting a higher probability of a downtrend continuation rather than a bottoming process.

Trading Plan: Currently, conditions are not favorable for high-probability long entries (no healthy reset + volume-price divergence). Shorting conditions are also not met (funding rate not extremely positive, OI not decreasing). The best strategy is to stay on the sidelines, wait for clear signs of a trend reversal at key levels (such as the 80.0 round number or previous low of 78.3), like increased volume on bullish candles combined with rising OI, before considering a long position. Alternatively, wait until the price reclaims and sustains above EMA20 (85.6) with confirmed support before following on the long side.

Trade here 👇 $SOL

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