【$SOL Signal】Long | Healthy Cooldown After Strong Breakout
$SOL After a volume breakout on the 4H timeframe, the price consolidates at a high level around $87. This is a typical cooldown after a breakout, not a reversal at the top. Selling pressure is concentrated between $87.02-$87.04, with significant support from buyers at $87.00-$87.01. Negative funding rates indicate that bearish sentiment still prevails, favoring bullish squeeze.
Logic: After breaking through the dense zone of $81-$85, there was no significant pullback, indicating strong absorption by buyers. The current 4H candle forms a flag pattern above the breakout zone, with decreasing volume, indicating a healthy reset. Open interest rising along with price confirms main capital inflow. As long as the price stays above $86.00 (the previous high), the structure remains bullish.
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【$SOL Signal】Long | Healthy Cooldown After Strong Breakout
$SOL After a volume breakout on the 4H timeframe, the price consolidates at a high level around $87. This is a typical cooldown after a breakout, not a reversal at the top. Selling pressure is concentrated between $87.02-$87.04, with significant support from buyers at $87.00-$87.01. Negative funding rates indicate that bearish sentiment still prevails, favoring bullish squeeze.
🎯 Direction: Long
🎯 Entry: $86.80 - $87.10
🛑 Stop Loss: $85.80 ( Rigid stop loss, below the previous 4H candle low )
🚀 Target 1: $90.50 ( Previous high resistance )
🚀 Target 2: $94.00 ( Fibonacci extension level )
Logic: After breaking through the dense zone of $81-$85, there was no significant pullback, indicating strong absorption by buyers. The current 4H candle forms a flag pattern above the breakout zone, with decreasing volume, indicating a healthy reset. Open interest rising along with price confirms main capital inflow. As long as the price stays above $86.00 (the previous high), the structure remains bullish.
Trade here 👇 $SOL
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#Gate广场创作者新春激励 #Is the current market bottoming out or just observing?