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

$SOL The 1H timeframe is strongly consolidating above the EMA20, just completing a test of the previous high at 86.9. The 4H timeframe has stabilized above the EMA50, forming a short-term upward channel. The price is rising while open interest remains stable, indicating that it is not a bearish squeeze but rather active capital absorption. Currently, the 1-hour RSI shows healthy momentum, with significant buying depth and strong support below.

🎯Direction: Long

⚡Entry/Order: 85.50 - 86.00

🛑Stop Loss: 84.20

🚀Target 1: 88.50

🚀Target 2: 90.50

🛡️Trade Management:

- Execution Strategy: After reaching Target 1, reduce position by 50% to lock in profits, and move the remaining position’s stop loss up to the entry price. If the price strongly breaks through 89.0, move the remaining stop loss up to 87.5 to seek greater gains.

Depth Logic: Over the past few hours, as the price rose from 84.1 to 87.4, open interest did not decrease significantly, indicating that long positions are solid and not merely driven by short covering. The buy-side depth imbalance on the 1-hour chart reaches 13%, with a large number of buy orders stacked between 87.1 and 87.2, forming immediate support. Despite a negative funding rate environment, the price remains resilient, with potential for a short squeeze. The 4-hour timeframe has broken above the recent consolidation upper boundary, and retests present opportunities.

View real-time market 👇 $SOL

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