【$SOL Signal】Long! 1H breakout and pullback confirmation, main force clearly intends to support the market

$SOL The 1H timeframe is strongly consolidating above the EMA20 (86.05), just completing a pullback and confirmation of the large bullish candle on the 4H timeframe. The current price is tightly hugging the sell side of the order book at the ask, with solid buy-side depth, indicating a clear intention by the main force to support the market. The 4H level has stabilized above the EMA50 (86.15) and broken out of the recent consolidation range, signaling a trend reversal to bullish. In a negative funding rate environment, the price remains firm and open interest is stable, with potential for short squeeze.

🎯Direction: Long (Long)

🎯Entry/Order: 87.90 - 88.10 (Reason: 1H EMA20 support zone, concentrated buy orders on the order book )

🛑Stop Loss: 86.80 (Reason: Break below the 4H bullish candle start point and EMA50 double support )

🚀Target 1: 89.50 (Reason: Previous high resistance and psychological level )

🚀Target 2: 91.20 (Reason: 1.618 Fibonacci extension level )

🛡️Trade Management:

- Position size suggestion: Standard position (Reason: 1H/4H resonance breakout, higher win rate )

- Execution strategy: After reaching 89.50 (Target 1), reduce position by 50% and move stop loss to entry price. Hold remaining position to aim for Target 2; if the 1H candle closes below EMA20, exit all positions.

Depth logic: Over the past 4 hours, the price has risen with buy dominance (buy_sell_ratio reaching 0.55-0.56), indicating strong active buying. Despite stable open interest, the negative funding rate (-0.0087%) has caused the price to rise rather than fall, suggesting passive short covering pressure is building. The 1H RSI (73.11) is high but not overbought, leaving room for further upside. Order book depth shows over 30,000 buy orders stacked below 87.90, providing strong support.

Trade here 👇 $SOL

---

Follow me: Get more real-time analysis and insights on the crypto market! $BTC $ETH $SOL
‍#我在Gate广场过新年 #Gate广场发帖领五万美金红包