【$SOL Signal】Long | Breakout and Retest Confirmation

$SOL On the 4H timeframe, after breaking above the previous high, a healthy retest is underway. The price is being strongly absorbed by buy orders in the $86.5-$87.3 range, forming an effective support. Although Taker Volume indicates active sell orders, open interest remains stable and the funding rate is slightly negative, suggesting that the bears have not gained collective strength. The current pullback is a healthy reset in a bullish market.

🎯 Direction: Long

🎯 Entry: $87.5 - $88.2

🛑 Stop Loss: $85.8 ( Rigid Stop Loss )

🚀 Target 1: $92.0

🚀 Target 2: $95.5

Hardcore Logic: The price has retested above the key breakout level of $86.5, with the 4H candlestick showing a higher low structure. The last 4H bullish candle engulfs the previous bearish candle, indicating renewed buying. The order book has a large accumulation of buy orders in the $88.4-$88.6 range, forming a micro support. The combination of negative funding rate and stable open interest rules out the possibility of major players pushing the price up to dump. It appears more like a re-accumulation after clearing leveraged longs. As long as the $86.5 support holds, testing the previous high of $92 offers a probabilistic advantage.

Trade here 👇 $SOL

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