【$SOL Signal】Long | 1H Strong Consolidation, Building Up for a Breakout

$SOL The 1H timeframe is consolidating strongly around the 85.0 level, with the price staying close above the EMA20 (83.13), refusing a deep pullback. The 4H timeframe has broken above the downtrend line and stabilized above EMA20 (82.14), confirming a short-term trend reversal. Currently, the price is oscillating near the top of yesterday’s large bullish candle, indicating a strong consolidation phase, preparing for the next upward move.

🎯Direction: Long (Long)

🎯Entry/Order: 84.70 - 84.90 (Reason: 1H EMA20 dynamic support zone, strong consolidation platform lower boundary )

🛑Stop Loss: 83.50 (Reason: Break below the 1H consolidation platform and the previous 4H candle low of 82.87 )

🚀Target 1: 86.50 (Reason: Previous high resistance and integer level )

🚀Target 2: 88.80 (Reason: 0.618 Fibonacci retracement of the previous downtrend on the 4H timeframe )

🛡️Trade Management:

- Position Size Suggestion: Standard position (Reason: 4H trend reversal confirmed, 1H structure remains strong )

- Execution Strategy: After reaching Target 1, reduce position by 50% to lock in profits, and move the remaining stop loss to the entry price. If the price strongly breaks through 86.50, consider aiming for the remaining position at 88.80.

Depth Logic: Over the past 24 hours, the increase has exceeded 8%, with volume and price rising together, indicating not just a short squeeze. The buy/sell ratio on the 4H timeframe remains above 0.5 during the upward process, showing buying dominance. Although open interest (OI) is stable, the price remains resilient in a negative funding rate environment, with potential for a short squeeze. The 1H RSI (70.53) is high but can stay elevated in a strong market. Market depth shows buy orders are significantly thicker than sell orders (depth imbalance of 11.48%), with strong support below.

Trade here 👇 $SOL

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