【$SOL Signal】Pullback and Buy! 1H Retest Confirmed, Institutional Support Intent Clear

$SOL is oscillating in a key support zone at the 1H level. After retreating from the 93.38 high, price has formed a dense trading area within the 87.8-88.2 range. The 4H level remains within an uptrend channel, and the current pullback can be viewed as a healthy correction. Open interest remains stable with no signs of panic selling. Combined with negative funding rates, short squeeze conditions are building.

🎯 Direction: Long

⚡ Entry/Pending Order: 86.99 - 87.22 (Patiently wait for pullback to optimized entry zone)

🛑 Stop Loss: 85.02 (Break of previous low and 4H EMA50 strong support)

🚀 Target 1: 96.01

🚀 Target 2: 100.41

🛡 ️Trade Management:
- Execution Strategy: Once price reaches Target 1, reduce position by 50% to lock in profits, and move the stop loss of remaining position up to entry price. If price fails to stabilize within the entry zone and falls back out, exit immediately and observe.

Deep Logic: Order book data shows abnormally thick buy-side depth near 87.8, forming a support wall. The 1-hour RSI has rebounded from oversold territory to 44.5, with momentum beginning to recover. Despite price decline, open interest remains stable—this is not institutional distribution but rather floating chip washing. The 4-hour EMA50 (86.4) constitutes strong trend support, highly aligned with the optimized entry zone, providing a high risk/reward ratio sniping opportunity.

View Live Market 👇 $SOL
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