【$SOL Signal】Long - 4H breakout pullback confirmation, 1H momentum building up

$SOL The 1H timeframe is consolidating strongly above EMA20 (88.55), with the price rejecting deep retracement. The 4H timeframe shows a large bullish candle breaking through the recent consolidation upper boundary (88.5), currently in a healthy pullback confirmation stage. Under a negative funding rate environment (-0.0092%), the price remains resilient, hinting at a potential short squeeze.

🎯Direction: Long (Long)

🎯Entry/Order: 89.50 - 89.70 (Reason: Retracement to 1H EMA20 support zone and 4H breakout level)

🛑Stop Loss: 88.20 (Reason: Break below the 4H breakout candle low and EMA50 support)

🚀Target 1: 91.20 (Reason: Previous high resistance and 1H wave high)

🚀Target 2: 93.50 (Reason: Previous structure high on the 4H timeframe)

🛡️Trade Management:

- Position size suggestion: Standard position (Reason: Clear 4H breakout structure, defined 1H support)

- Execution strategy: After entry, if the price quickly rises to Target 1, reduce position by 50% and move stop loss to entry price. Hold remaining position for Target 2. If the price stalls near Target 1, consider taking full profit.

Deep logic: The buy volume on the 4H timeframe significantly increases during the breakout (buy_sell_ratio 0.54), indicating institutional funds entering. Although the current open interest trend is stable, the price not falling under a negative funding rate is a strong signal. The 1H RSI (67.53) is in a healthy, slightly strong zone, not overbought, with room to move higher. The order book shows sell orders stacked above 90.0 (3282 SOL), which is the first key resistance zone. Breaking through this will open up space.

Trade here 👇 $SOL

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