【$SOL Signal】1H Oversold Rebound Play, Sniping Key 4H Support Level

$SOL The 1H timeframe has formed a double bottom pattern around 82.8, with RSI(1H) reaching 37.4 in the oversold zone, indicating short-term selling pressure is weakening. Although the 4H timeframe is in a downtrend channel, the current price has approached the recent oscillation lower boundary (81.6-82.0), and open interest remains stable without collapsing as the price declines, suggesting a battle between bulls and bears. The 1H candlestick repeatedly tests around 82.5, with buy orders (82.8-82.9) significantly thicker than sell orders, hinting at initial signs of main force defending the price.

🎯Direction: Long (Long)

🎯Entry/Order: 82.70 - 82.90 (Reason: 1H double bottom neckline area & dense buy support on the order book )

🛑Stop Loss: 81.50 (Reason: Break below 4H previous low 81.62 & ATR(14) lower band )

🚀Target 1: 84.20 (Reason: 1H EMA50 resistance & previous rebound high )

🚀Target 2: 85.50 (Reason: Upper boundary of 4H downtrend channel & yesterday’s high region )

🛡️Trade Management:

- Position size suggestion: Light position (Reason: 4H trend remains bearish, this is a counter-trend rebound play )

- Execution strategy: A price break above 83.50 (1H EMA20) can be seen as an initial bullish signal. After reaching Target 1, reduce position by 50% and move stop loss to entry price. If the price cannot hold above 83.0, consider exiting early.

Depth logic: Price rapidly declined from 86.0 to 82.8, but open interest remained stable without large-scale liquidation of longs. Negative funding rate (-0.0229%) suppressed excessive long positions, creating conditions for a rebound. 1H RSI bottom divergence is brewing; if the price can hold above 82.5 and volume breaks through 83.5, it will trigger short covering. The order book shows accumulation of buy orders below 82.8, increasing downward resistance.

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