【$SOL Signal】Long | 1H breakout and retest confirmation, clear intention of capital support

$SOL The 1H timeframe is strongly consolidating above the EMA20 (86.98), just tested the high of 88.85 and then healthy pullback. The 4H timeframe has closed bullish for several consecutive periods, stabilizing above the EMA50 (86.28), indicating a shift from weak to strong trend. The key point is: while the price has increased by 4.39%, open interest (OI) remains stable, and the funding rate is negative (-0.0178%), which suggests that shorts are still adding positions but the price is holding firm, with potential for a short squeeze. The order book shows unusually thick buy orders in the 87.8-88.0 range, clearly indicating main force support.

🎯Direction: Long (Long)

🎯Entry/Order: 87.80 - 88.00 (Reason: 1H EMA20 support zone + dense buy order depth zone )

🛑Stop Loss: 86.80 (Reason: Break below 4H EMA50 and the previous 1H candle low )

🚀Target 1: 89.50 (Reason: Recent high resistance zone )

🚀Target 2: 91.20 (Reason: 1.618 Fibonacci extension level, corresponding to the previous decline wave )

🛡️Trade Management:

- Position suggestion: Standard position (Reason: 1H/4H resonance upward, and strong support in the order book )

- Execution strategy: After the price reaches 89.50 (Target 1), reduce position by 50% to lock in profits, and move the remaining stop loss up to the entry price (88.00). If the price strongly breaks through 89.50, hold the remaining position towards 91.20.

Depth logic: Currently, the 1H RSI is at 68.39, in the strong zone but not overbought, leaving room for further upside. The 4H RSI is at 65.55 and trending upward. Market logic suggests “price rising, consider position size with volume,” and with stable OI + rising price, it leans more towards main force entering rather than purely short covering. Negative funding rate is a potential fuel; if the price continues upward, it may trigger a wave of short covering. The strong support zone below is 87.2-87.5, with stop loss set below this area, risk-reward ratio >1.5.

Trade here 👇 $SOL

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