【$SOL Signal】Long | 1H Strong Breakout, Main Funds Support, Short Squeeze Initiation
$SOL The 1H timeframe is consolidating strongly above the EMA20, just broke above the previous high of $84.3 with increased volume, showing strong momentum. The 4H timeframe has already broken above the downtrend line and stabilized, open interest remains steady, and funding rates are healthy. This is a signal for main funds to enter, not just a simple rebound.
🎯Direction: Long (Long)
🎯Entry/Order: $84.50 - $84.70 (Reason: Breakout retest confirms support zone, 1H EMA20 dynamic support )
🛑Stop Loss: $82.80 (Reason: Break below the start of the previous large bullish candle on 1H and key support )
🚀Target 1: $87.50 (Reason: Resistance at the previous high on the 4H timeframe )
- Position Size Suggestion: Standard position (Reason: 1H/4H resonance breakout, higher win rate )
- Execution Strategy: After price reaches $87.50, reduce position by 50% to lock in profits, and move the remaining stop loss up to $84.50 (entry level). If the price strongly breaks through $87.50, hold the remaining position to target $90.
Deep Logic: The price surged by 9%, but open interest remains stable, indicating it’s not a bearish trap but new bullish funds actively buying to support the market. The 1H RSI is as high as 71.99 but not overbought, showing buying strength persists. Market depth shows substantial buy orders around ($84.5), with selling pressure dispersed, conducive to upward movement. Combining market logic, this is a typical main force-driven rally, with a short squeeze imminent.
Trade here 👇 ( ---
Follow me: Get more real-time analysis and insights on the crypto market! )$SOL $BTC $ETH $SOL
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
【$SOL Signal】Long | 1H Strong Breakout, Main Funds Support, Short Squeeze Initiation
$SOL The 1H timeframe is consolidating strongly above the EMA20, just broke above the previous high of $84.3 with increased volume, showing strong momentum. The 4H timeframe has already broken above the downtrend line and stabilized, open interest remains steady, and funding rates are healthy. This is a signal for main funds to enter, not just a simple rebound.
🎯Direction: Long (Long)
🎯Entry/Order: $84.50 - $84.70 (Reason: Breakout retest confirms support zone, 1H EMA20 dynamic support )
🛑Stop Loss: $82.80 (Reason: Break below the start of the previous large bullish candle on 1H and key support )
🚀Target 1: $87.50 (Reason: Resistance at the previous high on the 4H timeframe )
🚀Target 2: $90.00 (Reason: 1.618 Fibonacci extension level and psychological barrier )
🛡️Trade Management:
- Position Size Suggestion: Standard position (Reason: 1H/4H resonance breakout, higher win rate )
- Execution Strategy: After price reaches $87.50, reduce position by 50% to lock in profits, and move the remaining stop loss up to $84.50 (entry level). If the price strongly breaks through $87.50, hold the remaining position to target $90.
Deep Logic: The price surged by 9%, but open interest remains stable, indicating it’s not a bearish trap but new bullish funds actively buying to support the market. The 1H RSI is as high as 71.99 but not overbought, showing buying strength persists. Market depth shows substantial buy orders around ($84.5), with selling pressure dispersed, conducive to upward movement. Combining market logic, this is a typical main force-driven rally, with a short squeeze imminent.
Trade here 👇 (
---
Follow me: Get more real-time analysis and insights on the crypto market! )$SOL
$BTC
$ETH $SOL