【$SOL Signal】Pullback to go long + 1H level rebound confirmation

$SOL The 1-hour level experienced a sharp decline and formed a double bottom around 83.5. The current price has already broken above the 1-hour EMA20, showing a clear rebound signal. Although the 4-hour level is still in a correction trend, the open interest remains stable without signs of panic selling, providing a foundation for the 1-hour rebound. The order book shows buy orders far exceeding sell orders, indicating a clear main force support intention. In a negative funding rate environment, bears face a risk of short squeeze.

🎯 Direction: Long

⚡ Entry/Order: 84.23 - 85.08

🛑 Stop Loss: 83.30

🚀 Target 1: 86.80

🚀 Target 2: 88.50

🛡️ Trading Management:

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

Depth Logic: The price quickly fell back from above 90, but the 1-hour RSI has rebounded strongly from oversold territory (below 30) to above 35, forming a potential bullish divergence. Crucially, during the price decline, open interest did not decrease significantly, indicating this is not main force distribution but rather long leverage liquidation. Currently, buy orders in the order book are more than 1.3 times the sell orders, forming a strong support wall around 85.0-85.1, fueling the rebound. Coupled with negative funding rates, short positions face high costs, and a rebound can easily trigger short covering, leading to a short squeeze.

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