【$SOL Signal】Empty position + wait for key support confirmation

$SOL Continues to be weakly consolidating below EMA20, with prices declining but open interest stable. This is a typical passive long position by bulls, not a major force actively selling off.

🎯 Direction: No Position (NoPosition)

Market analysis: On the 4H chart, price is trading below EMA20 (82.9), RSI (31.78) enters oversold territory but shows no divergence. The key point is: funding rate is -0.0192% (negative), but open interest remains stable (not significantly decreasing), ruling out short squeeze risk and indicating no major force closing longs. The depth imbalance of 8.10% shows slightly more buying pressure, but price has not rebounded, indicating weak absorption.

Logical core: Current price at 79.23 is near recent lows but lacks clear support structure. The daily trend remains downward, with EMA50 (88.6) acting as strong resistance. The buy/sell ratio hovers around 0.5, indicating a balance between bulls and bears with no clear direction.

Trading plan: Wait for the price to show clear signs of stabilization at key support levels (around the previous low of 77.9 or Fibonacci 0.786 retracement at about 77.5), such as long lower shadows + surge in buy volume, combined with a rebound in open interest to confirm capital inflow, before considering a left-side long position. Currently, the win rate is insufficient, and the risk outweighs the reward, so a full wait-and-see approach is necessary.

Trade here 👇 $SOL

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