【$SOL Signal】1H Breakout and Retest, Bulls Prepare for Another Attack

$SOL The 1-hour timeframe, after experiencing a volume-driven rally, is currently in a healthy retracement and consolidation phase. The price remains close to the 20-period EMA on the 1-hour chart, with strong buying depth and stable open interest, indicating that the main players have not exited the market. Although the 4-hour timeframe is in a consolidation zone, the momentum structure on the 1-hour chart remains intact. Negative funding rates suggest a risk of short squeeze, presenting an excellent short-term bullish ambush opportunity.

🎯Direction: Long

⚡Entry/Order: 90.80 - 91.20

🛑Stop Loss: 89.50

🚀Target 1: 93.50

🚀Target 2: 95.00

🛡️Trade Management:

- Execution Strategy: After reaching Target 1, reduce position by 50% to lock in profits, and move the remaining stop loss up to the entry price. If the price strongly breaks through Target 2, consider holding some positions to capitalize on trend extension.

Depth Logic: Over the past few hours, the price retraced from the high of 92.9, but trading volume decreased, indicating a healthy correction. The 1-hour RSI is at a healthy 58, with momentum for another push higher. Order book data shows dense buy orders forming a support wall in the 91.6-91.7 range. Meanwhile, negative funding rates coexist with firm prices. If buying interest continues, it could trigger a rapid short squeeze and accelerate upward movement.

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