【$SOL Signal】Long | 1H breakout with volume, clear intention of main force to support the market

$SOL The 1H timeframe is consolidating strongly above the EMA20, just broke through the short-term resistance at 89.6 with volume. The 4H timeframe has closed positive for several consecutive periods, above the EMA50, indicating a bullish trend. Open interest remains stable, prices are firm, suggesting possible support from major players or short covering.

🎯Direction: Long (Long)

🎯Entry/Order: 89.4 - 89.6 (Reason: Support zone at 1H EMA20 and confirmation after breakout)

🛑Stop Loss: 88.2 (Reason: Break below the previous low of the 4H bullish candle and the 1H structure)

🚀Target 1: 91.2 (Reason: Previous wave high resistance)

🚀Target 2: 93.0 (Reason: 1.618 Fibonacci extension level)

🛡️Trade Management:

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

- Execution strategy: When price reaches around 90.5, reduce position by 30%, remaining position will have stop loss moved up to entry price. If price strongly breaks through 91.2, move stop loss up to 90.0 to aim for the second target.

Deep logic: 1H RSI reaches 75.58, indicating short-term strength but not severely overbought. Order book depth shows buy orders significantly outweigh sell orders (depth imbalance 13.89%), with large orders supporting at 89.4-89.5. The 4H buy/sell ratio remains above 0.5, indicating sustained buying pressure. Although funding rate is slightly positive, open interest remains stable, suggesting not purely overheated longs but rather new funds entering the market.

Trade here 👇 $SOL

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