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【$SOL Signal】Pullback confirmation, bulls are gathering strength
$SOL The 1H timeframe is consolidating around 84.5, and after the MACD bullish crossover on the 4H timeframe, the fast and slow lines are narrowing, indicating that bullish momentum is temporarily resting. Market depth shows very thick buy orders in the 84.4-84.5 range, with clear capital support intentions. The 1-hour RSI has fallen from 65 to the neutral zone, preparing for another upward move.
🎯Direction: Long
⚡Entry: Enter immediately at the current price around 84.5, or place an order at 83.8 to ambush.
🛑Stop Loss: Below 82.4
🚀Target 1: 87.0
🚀Target 2: 88.8
🛡️Trade Management:
- Execution Strategy: Reduce half of the position after the price reaches 87.0, and move the remaining stop loss up to the breakeven point. If the price cannot hold above 85.0, consider exiting early.
The 4-hour buy orders continue to push higher, with open interest stable at a high of 9.13 million, indicating that funds have not exited. The 1-hour EMA20 at 83.7 provides dynamic support, overlapping with dense market zones. The current risk-reward ratio is close to 3:1, making this ambush trade quite favorable. The 87.0 level is the upper band of the 4-hour Bollinger and a resonance zone with previous highs, representing the first profit-taking point.
View real-time market 👇 $SOL
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