【$SOL Signal】Healthy Consolidation After Long Position + Volume Breakout

$SOL After a volume breakout on the 4-hour chart, the price consolidates within a narrow range at a high level. The price builds a platform between $86.5 and $89.7, which is a typical healthy reset after a strong breakout, rather than a top formation. The order book shows sparse sell orders above $87.4 and accumulated buy orders below, indicating market sentiment leaning bullish, with selling pressure effectively absorbed.

🎯 Direction: Long

🎯 Entry: $87.0 - $87.5

🛑 Stop Loss: $83.4 ( Rigid stop loss, below the low of the previous 4-hour candle )

🚀 Target 1: $94.5 ( Previous high resistance zone )

🚀 Target 2: $102.0 ( Equal distance projection target )

Logic: The 4-hour candles show continuous volume-driven upward movement, with the last candle closing at a high level and with a full body, confirming the validity of the breakout. Although the funding rate is negative, it indicates that bears have not exited during the rally, suggesting potential short squeeze fuel. Open interest (OI) has increased significantly alongside the price rise, clearly indicating new long capital inflow rather than just short covering. The current narrow consolidation is a correction of overbought indicators. As long as the price holds above the $86.5 support level, the probability of continuing upward is higher. Small losses, big gains—profit from probabilities.

Trade here 👇 $SOL

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