【$SOL Signal】Long | Breakout Retest Confirmation

After breaking through on the daily chart, $SOL performs a healthy retracement and consolidation on the 4H chart. The price tests support multiple times within the $86-$88 range, with strong buying absorption. The 4H candlestick shows long lower shadows, indicating strong support below. Open interest remains stable, and the funding rate is slightly negative, ruling out FOMO chasing. This is a healthy bullish continuation pattern.

🎯Direction: Long

🎯Entry: $87.0 - $87.6

🛑Stop Loss: $85.5 (Rigid Stop Loss)

🚀Target 1: $92.0

🚀Target 2: $96.0

Deep Logic: The price consolidates tightly above the key breakout level of $86. During the 4H cycle, selling pressure is continuously absorbed (Taker Buy Volume dominates). The order book shows dense buy orders below $87.5 forming support. Open interest (OI) remains stable during consolidation, indicating accumulation of long positions rather than distribution. Coupled with the negative funding rate, market sentiment is calm, fueling the next upward move. Probabilistically, holding above $86 offers the least resistance to the upside.

Trade here 👇 $SOL

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