【$SOL Signal】Long | 1H pullback confirmation, main force clearly intends to defend the market

$SOL The 1H timeframe is consolidating strongly above EMA20 (83.84), with the price refusing to drop sharply. The 4H timeframe has stabilized above EMA50 (84.06), forming a short-term support level. Currently, the price is oscillating narrowly around 84.5, which is a healthy pullback after a breakout, and the bullish pattern remains intact.

🎯Direction: Long (Long)

🎯Entry/Order: 84.35 - 84.45 (Reason: Pullback to 1H EMA20 support zone and previous hour’s low)

🛑Stop Loss: 83.65 (Reason: Break below 4H EMA50 and the starting point of the previous rally, indicating structural damage)

🚀Target 1: 85.50 (Reason: Previous high resistance level, also a recent 4H high)

🚀Target 2: 86.80 (Reason: 1.618 Fibonacci extension level, corresponding to the previous decline wave)

🛡Trade Management:

- Position suggestion: Standard position (Reason: 1H and 4H support resonance, risk-reward ratio >1.5)

- Execution strategy: After reaching 85.50, reduce position by 50% to lock in profits, and move the stop loss of the remaining position to the entry price (break-even). If the price strongly breaks through 85.50 and stabilizes, hold the remaining position towards 86.80.

Deep logic: Market signals indicate signs of main force defending the market. Although the price retreated from the high of 85.44, open interest (OI) remains stable and did not decrease with the price drop, indicating that long positions have not exited in large scale. Meanwhile, the 1-hour RSI (58.64) is in a healthy bullish zone without divergence. Buy-side depth is accumulating in the 84.4-84.5 range, forming a solid support. Combining market logic suggests “price rising, main force entering or shorts being squeezed,” currently more likely to be main force accumulating at key levels to defend the market and prepare for the next rally.

View real-time quotes 👇 $SOL

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