【$SOL Signal】Long | 1H Strong Breakout, Clear Signs of Main Force Support

$SOL The 1H timeframe is consolidating strongly above the EMA20, just broke above the previous high of $85.16 with increased volume, showing strong momentum. The 4H timeframe has already broken the downtrend line, forming a bullish engulfing pattern. Although the daily chart is in a downtrend, short-term capital inflow is evident, increasing the probability of an intraday rebound.

🎯Direction: Long (Long)

🎯Entry/Order: $84.70 - $84.90 (Reason: 1H EMA20 support zone, confirmed after breakout)

🛑Stop Loss: $83.40 (Reason: Break below the 1H previous low and EMA50 support)

🚀Target 1: $87.50 (Reason: 4H previous high resistance level)

🚀Target 2: $90.00 (Reason: Daily Fibonacci 0.382 retracement level)

🛡️Trade Management:

- Position Size Recommendation: Standard Position (Reason: 1H/4H resonance bullish, risk-reward ratio >1.5)

- Execution Strategy: After price reaches $87.50, reduce position by 50% and move stop loss to entry price of $84.80. Remaining position aims for $90 target; if price retraces to entry zone and breaks below, exit all.

Deep Logic: The open interest over the past 4 hours (OI) remains stable, while price surged 9.74% without a decrease in open interest, indicating not a short squeeze but new long capital entering. The 1H RSI is at 73.04, high but not overbought, leaving room for further upside. Market depth shows buy orders accumulating in the $84.60-$84.80 range, providing strong support. Combined with a funding rate of only 0.0057%, there is no overheating risk, indicating a healthy upward move.

Trade here 👇 $SOL

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