$SOL Signal】Pullback to Long! 1H Oversold Divergence + 4H Key Support, Hidden Rebound



$SOL The 1H timeframe has entered the oversold zone, RSI dropped to 31.18, and the price is testing the dense support zone formed by the 4H EMA50 (84.31) and EMA20 (84.34) around 83.4. The last 4H candle showed a volume-driven decline but with stable open interest, indicating panic selling rather than large-scale distribution by major players. There is a potential bottom divergence on the 1H chart. The order book shows strong buy support in the 83.2-83.3 range, with solid support below.

🎯Direction: Long (Long)

🎯Entry/Order: Enter in batches between 83.20 - 83.40 (Reason: 1H oversold zone + 4H double EMA support zone + dense buy orders in the order book )

🛑Stop Loss: 82.70 (Reason: Break below recent 1H low of 82.94 and key psychological level, ATR stop loss approximately $0.7 )

🚀Target 1: 84.80 (Reason: 1H EMA20 resistance and previous small platform high )

🚀Target 2: 85.60 (Reason: 4H previous high resistance and Fibonacci 0.5 retracement level )

🛡Trade Management:

- Position Size: Light (Reason: Overall daily trend remains sideways; this is a rebound play against the small trend within the larger trend )

- Execution Strategy: If the price rebounds to around 84.20 (1H EMA20), consider partial profit-taking, and move the remaining stop loss to the entry price. If a strong breakout above 84.80 occurs, move the stop loss up to 84.00 to hold for Target 2.

Deep Logic: Open interest remains stable, no sudden drop in open interest during large price declines, indicating it’s not a large-scale long squeeze. Funding rate is negative, but the price stabilizes at key support levels, suggesting potential short covering and short squeeze rebound. The 1H RSI is severely oversold, with strong rebound demand. The current price is in a multi-timeframe support resonance zone, offering a favorable risk-reward ratio.

View real-time market 👇 $SOL

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