【$SOL Signal】Pullback to Long + 1H Oversold Rebound Play

$SOL The 1H timeframe has entered the oversold zone, with the price forming a short-term base around 83.4. The 4H timeframe is testing the EMA50 support. Currently, the price is declining but trading volume remains stable, indicating not institutional dumping but rather a leveraged long squeeze. The 1H RSI has dropped to 31.56, showing a technical rebound is needed.

🎯Direction: Long (Long)

🎯Entry/Order: 83.40 - 83.60 (Current Price Area)

🛑Stop Loss: 82.70 (Below the previous low of 83.27)

🚀Target 1: 85.00 (1H EMA20 Resistance)

🚀Target 2: 86.50 (Near the 4H previous high)

🛡️Trade Management:

- Position Size Suggestion: Light (Reason: The 4H trend is still consolidating, the 1H is only a rebound play, risk is controllable)

- Execution Strategy: When the price reaches 85.00, reduce position by 50% to lock in profits, and move the remaining stop loss up to the entry price of 83.60. If the price fails to break through 85.00 and falls back, exit all positions.

Deep Logic: Market depth shows buy orders accumulating in the 83.4-83.5 range, while sell pressure increases above 83.7. After three consecutive bearish candles on the 1H, the decline slowed, volume contracted, and selling pressure weakened. The 4H EMA50 (83.67) is nearly coinciding with the current price, providing dynamic support. Negative funding rates suggest bears are dominant, but open interest remains stable. A rebound could trigger short covering and short squeeze.

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