【$SOL Signal】Hold cash and wait — Downtrend continuation, deep imbalance, no effective support observed

$SOL After breaking below EMA20 (84.33), the price continues to decline steadily, currently in a downtrend continuation pattern with no clear reversal signals.

🎯 Direction: Hold cash

Market analysis: 4H candles have closed bearish consecutively, with the latest K-line buy/sell ratio at 0.5, indicating persistent selling pressure. The price has broken below the previous support at 82.39, now acting as resistance.

Hardcore logic: All key data points are bearish. 1. Deep imbalance at -13.25%, with ask orders significantly thicker than bid orders, indicating heavy selling pressure above. 2. RSI (37.79) is not oversold but in a weak zone with no divergence. 3. Order book shows a large sell order at 81.91 (14,072 SOL), forming a strong resistance.

Market psychology: Price decline accompanied by stable open interest (OI), suggesting not panic selling by longs but more likely orderly distribution by large players or dominance by bears. Although there is some accumulation in the 81.6-81.7 range, it is insufficient to reverse the trend, representing weak resistance.

Trading plan: Currently no signals that meet the criteria for long or short positions. To go long, wait for the price to reclaim above EMA20 and for OI to increase; to go short, wait for a rebound to a key resistance level (such as the previous support at 83.5) and for funding rates to turn positive along with decreasing OI, indicating a resonant signal. Priority is risk control—stay in cash and observe.

Trade here 👇 $SOL

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