【$SOL Signal】Long | Breakout and Retest Confirmation
$SOL After a healthy pullback following a breakout of the previous high on the 4H timeframe, the price has formed a strong support zone between $86.5 and $87.5, with buying pressure continuously absorbing selling pressure.
🎯 Direction: Long
🎯 Entry: $87.0 - $87.5
🛑 Stop Loss: $85.8 ( Rigid Stop Loss )
🚀 Target 1: $92.0
🚀 Target 2: $96.0
Logical core: After a violent surge from $78.3, the price consolidates at a high level near $87. Key data: 1) 4H candlestick shows that each pullback is quickly bought up (Buy/Sell Ratio fluctuates around 0.5, no panic selling). 2) Open interest (OI) remains stable, combined with negative funding rates, indicating that shorts are still resisting but have not formed a large-scale liquidation cascade, fueling the subsequent rise. 3) Taker Buy Volume dominates, with major players continuously accumulating at key support levels. Price action (PA) indicates this is a healthy reset after a breakout, not a top. As long as the structure above $86.5 is maintained, the probability of moving upward is much higher than downward.
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【$SOL Signal】Long | Breakout and Retest Confirmation
$SOL After a healthy pullback following a breakout of the previous high on the 4H timeframe, the price has formed a strong support zone between $86.5 and $87.5, with buying pressure continuously absorbing selling pressure.
🎯 Direction: Long
🎯 Entry: $87.0 - $87.5
🛑 Stop Loss: $85.8 ( Rigid Stop Loss )
🚀 Target 1: $92.0
🚀 Target 2: $96.0
Logical core: After a violent surge from $78.3, the price consolidates at a high level near $87. Key data: 1) 4H candlestick shows that each pullback is quickly bought up (Buy/Sell Ratio fluctuates around 0.5, no panic selling). 2) Open interest (OI) remains stable, combined with negative funding rates, indicating that shorts are still resisting but have not formed a large-scale liquidation cascade, fueling the subsequent rise. 3) Taker Buy Volume dominates, with major players continuously accumulating at key support levels. Price action (PA) indicates this is a healthy reset after a breakout, not a top. As long as the structure above $86.5 is maintained, the probability of moving upward is much higher than downward.
Trade here 👇 $SOL
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