【$SOL Signal】Long | 1H breakout and retest confirmation, obvious signs of main force supporting the market

$SOL The 1H timeframe is consolidating strongly above the EMA20 (86.78), with the price holding firmly above 87.2. The 4H timeframe has stabilized above the EMA50 (83.82), shifting the trend from weak to strong. The key point is: after falling from the high of 88.26, the price received strong buying support in the 87.2-87.3 area, and open interest (OI) remains stable. The negative funding rate hints at a potential short squeeze. The 1H RSI (56.44) is healthy, preparing for another upward move.

🎯Direction: Long (Long)

🎯Entry/Order: 87.25 - 87.35 (Reason: 1H EMA20 support zone, concentrated buy orders in the order book )

🛑Stop Loss: 86.50 (Reason: Break below recent 1H consolidation low and EMA50 support )

🚀Target 1: 88.30 (Reason: Previous high resistance level )

🚀Target 2: 89.50 (Reason: 4H previous high and 1.272 Fibonacci extension level )

🛡️Trade Management:

- Position size suggestion: Standard position (Reason: 1H and 4H trend resonance, risk-reward ratio >1.5 )

- Execution strategy: After the price reaches 88.30 (Target 1), reduce position by 50% and move stop loss up to entry price 87.25. Hold the remaining position to aim for Target 2. If the price retraces to the entry zone and breaks below, exit all positions.

Depth analysis: Market depth shows buy orders (87.1-87.26) far exceeding sell orders (87.27-87.4), with a depth imbalance of 3.07%, indicating clear support from the main force. Although the 4H buy/sell ratio (0.49-0.52) is neutral, the latest 1H candlestick buy/sell ratio has risen to 0.58, indicating short-term buying returning. The negative funding rate (-0.0084%) prevents the price from falling, and stable OI is a classic sign of a potential short squeeze. Combined with ATR (2.27), there is ample volatility space.

View real-time market 👇 $SOL

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