【$SOL Signal】Dual Order Script: 1H Triangle Convergence Ending, Awaiting Breakout

$SOL The 1H timeframe is at the very end of an extremely converged triangle pattern, with price oscillating narrowly between 81.3-82.6. The 4H timeframe is still in a rebound correction within a downtrend channel, but volatility on the 1H has compressed to very low levels, indicating an imminent breakout. Open interest remains stable, and negative funding rates suggest bears are in control, but the price has not made a new low, indicating potential short squeeze.

🎯Direction: Wait and see (Dual Order)

⚡Breakout Long Entry: 82.65 (Reason: Break above the 1H triangle upper boundary and recent high resistance )

🛑Stop Loss: 81.80 (Reason: Break below the breakout candle low and EMA20 support on 1H )

🚀Target 1: 83.80 (Reason: 4H previous high and EMA50 resistance )

🚀Target 2: 85.20 (Reason: 1.618 Fibonacci extension level )

⚡Pullback Long Entry: 81.35 (Reason: Rebound to 1H triangle lower boundary and previous support zone )

🛑Stop Loss: 80.30 (Reason: Break below previous low of 80.37, structure broken )

🚀Target 1: 82.65 (Reason: Triangle upper boundary and initial breakout level )

🚀Target 2: 83.80 (Reason: Same as breakout script target 1 )

🛡️Trade Management:

- Position Size: Light (Reason: Market direction unclear, speculative positioning )

- Execution Strategy: When any order is triggered, the other is automatically canceled. After reaching Target 1, reduce position by 50% and move stop loss to entry price. If price quickly reverses and breaks the moving stop loss, exit immediately.

Deep Logic: Currently, the 1H RSI is around 45, neutral but slightly weak, with no new lows, indicating possible bullish divergence. Market depth shows sell orders accumulating around 82.2-82.35, while buy orders are thicker around 81.9-82.0, creating a delicate balance. Open interest remains stable, suggesting neither bulls nor bears are retreating significantly, awaiting catalysts. In a negative funding rate environment, a strong breakout above the sell pressure zone could trigger a chain reaction of stop-losses among bears.

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