【$SOL Signal】Two-way Order Battle! 1H Triangle Convergence Ending, Waiting for Volume Breakout/Breakdown

$SOL The 1H level price is oscillating narrowly between 84.70-85.50, forming the end of a triangle convergence, about to choose a direction. The 4H level price is weakly consolidating below EMA20 (85.23), but open interest (OI) remains stable and has not decreased with the price drop, indicating it is not primarily driven by large sell-offs but by intensified bulls and bears battle. Negative funding rates suggest strong bearish sentiment; once the price breaks upward, a short squeeze may be triggered.

🎯 Direction: Wait and see (Two-way orders)

⚡ Breakout Long Entry Order: 85.60 (Reason: Strong breakout above 1H triangle upper boundary and 4H EMA20 resistance, confirming bullish momentum)

🛑 Stop Loss: 84.70 (Reason: Break below triangle lower boundary and recent swing low)

🚀 Target 1: 86.80 (Reason: Previous high resistance and 4H Fibonacci 0.382 retracement level)

🚀 Target 2: 88.20 (Reason: 4H previous high structure resistance)

⚡ Breakdown Short Entry Order: 84.60 (Reason: Valid breakdown below 1H triangle lower boundary and dense trading zone support)

🛑 Stop Loss: 85.70 (Reason: Reclaim above triangle upper boundary, invalidating short structure)

🚀 Target 1: 83.20 (Reason: Previous low support and ATR double distance)

🚀 Target 2: 81.50 (Reason: Strong support zone at 4H previous low)

🛡️ Trading Management:

- Position Size Suggestion: Light position (Reason: Unclear direction, breakout battle, strict risk control needed)

- Execution Strategy: Only execute the earliest triggered order. After execution, if the price moves favorably to the target 1, move stop loss to entry price (break-even). If the price reverses and hits stop loss, abandon the other order and wait for new signals.

Depth Logic: The order book shows slightly more sell orders (above 84.89) than buy orders (below 84.88), indicating a slight imbalance. The 1H RSI is at 49, a neutral zone, with no clear divergence. Key is whether volume can increase during the breakout. Current market logic suggests price may decline but OI remains stable; caution whether this is due to long liquidation or main players accumulating. Coupled with negative rates, the potential for a short squeeze on upward breakout is greater than a breakdown downward.

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