【$SOL Signal】Long - 1H breakout and retest confirmation, clear intention of capital support

$SOL The 1H timeframe is strongly consolidating above the EMA20 (82.57), just completing a test and retest of the previous high at 83.88. The 4H timeframe is holding above EMA20 (83.12), with price, open interest (OI stable), and negative funding rate (-0.0095%) forming a typical short squeeze structure, indicating a clear main force support intention. Currently, the buy order depth is significantly thicker than the sell order depth (imbalance +3.74%), preparing for a short-term breakout.

🎯Direction: Long (Long)

🎯Entry/Order: 83.30 - 83.40 (Reason: 1H EMA20 support zone + upper part of the previous hour's candlestick body )

🛑Stop Loss: 82.20 (Reason: Break below the previous low support on the 1H timeframe + below 1x ATR )

🚀Target 1: 84.80 (Reason: Resistance at the previous high on the 4H timeframe )

🚀Target 2: 86.50 (Reason: Recent rebound high resistance zone on the daily chart )

🛡️Trade Management:

- Position suggestion: Standard position (Reason: 1H/4H structure resonance, strong order book support )

- Execution strategy: After reaching Target 1, reduce position by 50% and move stop loss to entry point. Hold remaining position for Target 2. If the 1H closing price falls below 83.00, consider exiting all positions early.

Depth logic: Since rebounding from the low of 79.57, the 4H has closed bullish consecutively, indicating that after the bears' pressure, the bulls are gradually taking over. Although the overall trend remains oscillatory, the 1H RSI (61.65) is healthy, not overbought, and the latest 1-hour candlestick buy ratio is as high as 92%, showing strong active buying. Under a negative funding rate environment, OI remains stable, indicating passive short positions, which fuels the potential for a short squeeze. The key is whether the price can hold above 83.50 and break through 84.0 with volume.

Check real-time market 👇 $SOL

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