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

$SOL The 1H timeframe is strongly consolidating above the EMA20 (82.98), just completing a test and pullback confirmation of the previous high at 84.81. The 4H timeframe has stabilized above EMA20 (83.17), with price, open interest (OI Stable), and negative funding rate (-0.007%) forming a classic short squeeze structure. The main force’s intention to support the market is clear, rejecting deep pullbacks.

🎯Direction: Long (Long)

🎯Entry/Order: 83.35 - 83.50 (Reason: 1H EMA20 support zone and dense buy orders in the order book resonate )

🛑Stop Loss: 82.20 (Reason: Break below the 1H structural low and key support at 4H EMA20 )

🚀Target 1: 84.80 (Reason: Testing previous high resistance, also the previous high at 1H level )

🚀Target 2: 86.50 (Reason: 4H previous high resistance and 1.618 Fibonacci extension level )

🛡️Trade Management:

- Position suggestion: Standard position (Reason: 1H/4H trend resonance, and order book buy depth is substantial )

- Execution strategy: After reaching Target 1, reduce position by 50% to lock in profits, and move the remaining stop loss to the entry price (breakeven). If the price strongly breaks above 84.81, the remaining position target can be moved to 86.50.

Depth logic: Currently, the price is strongly consolidating above the 1H EMA20, refusing to drop sharply. Order book data shows large buy orders in the 83.34-83.53 range, forming a solid support wall. The negative funding rate combined with firm price indicates shorts are paying costs, with potential for a short squeeze. The 1H RSI (58.73) is in a healthy bullish zone, with room for further upside. Market logic suggests the price will rise, supported by stable open interest, indicating bullish main force entry rather than purely short covering.

View real-time quotes 👇 $SOL

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