【$SOL Signal】Empty position waiting for downward continuation, deep imbalance

$SOL Continues to decline after breaking below EMA20, currently in a downward continuation pattern, with deep imbalance indicating persistent selling pressure.

🎯 Direction: Empty position (NoPosition)

Market analysis: Price has broken below EMA20 (85.37) and continues to operate below it. 4H candles are consistently bearish, with no bullish rebound. RSI (39.2) has not entered oversold territory, but the trend remains downward.

Hardcore logic: The key bearish signal comes from order book depth. The depth imbalance is -3.96%, with ask orders significantly thicker than bid orders, especially in the 83.0-83.2 range, forming a dense resistance wall. This indicates that institutions or large traders are continuously placing sell orders at the current level, rather than supporting the price.

Open interest (OI) remains stable while the price declines. Coupled with a positive funding rate (0.0036%), this suggests that many long positions remain open, with a risk of further long squeezes. The buy/sell ratio (0.51) shows weak retail buying pressure, unable to absorb selling.

Trading plan: No clear reversal or stabilization signals at the moment. Conditions for long positions are not met (price hasn't broken above EMA20, and no key support confirmed). Conditions for short positions are also not mature (funding rate is not high, no bearish divergence). The best strategy is to stay on the sidelines, waiting for the price to reach key Fibonacci retracement levels (such as 78.6% around 80.5) or previous lows (81.84), where buying absorption and OI increase signals may appear before reassessing.

Trade here 👇 $SOL

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