SOL

What the call was based on

SOL still leans long because overbought is a continuation condition here, not a short signal, and daily volume ran 178.8% of average. The problem is that open interest fell 12% over the week and 2.6% over the last day, so the move still reads as short covering rather than clean new-money demand. That makes this a pullback buy into 93.7-94.8, with 88.0 as invalidation and 102.74 as the first upside test.

• Price/OI short covering, OI -12.0% in 7d
• RSI 84.2, vol 178.8% of 20d avg
• Retail L/S 2.28, longs 69.5%
• Price 7.3% above EMA200, MACD hist 2.28
• H4 RSI 68.5, MACD hist -0.35

Bitcoin market regime at the time: side.