$SOL Signal】Pullback to go long, 1H level charging up and ready to launch


$SOL After a surge at the 1H level, volume contracted and consolidated, price faced selling pressure near 86.5, but buy orders in the 85.7-85.9 area are significantly deep, revealing capital support intentions. The 4H MACD histogram continues to expand, indicating the bullish trend remains intact, but the 1H RSI has fallen from overbought territory to 69, providing room for another upward move. Market data shows buy imbalance at 5.41%, with limited active selling pressure.

Currently, the price is at 86.14, a high level, making direct chasing risky and not cost-effective. A better strategy is to wait for a healthy pullback.

🎯Direction: Buy on pullback

⚡Entry: Place orders in batches between 83.65 and 85.71, with an average price controlled around 84.7.

🛑Stop loss: Set below 82.57 uniformly.

🚀Target 1: First target at 86.10, which is a breakout level from the previous high resistance turned initial support.

🚀Target 2: Second target at 86.45, challenging the upper band of the 4-hour Bollinger Bands and the previous high area.

🛡️Trade management:
- Enter positions in two batches; increase position size when price enters the lower end of the range.
- After reaching 86.10, halve the position, and move the remaining stop loss to the breakeven point.
- If the price cannot hold above 85.7 and falls below the entry average again, consider exiting early and observing.

The 1-hour EMA20 and EMA50 are forming a bullish crossover, with moving averages aligned bullishly. Although the latest 1-hour candle's buy ratio dropped to 0.36, indicating weakening upward momentum, buy activity on the 4-hour timeframe remains active during price rallies. This short-term consolidation without significant decline suggests bulls are digesting profits rather than trend reversal. Open interest remains stable, funding rate is only 0.01%, with no signs of excessive enthusiasm, leaving room for further upward movement. The key is whether the support zone between 83.65 and 85.71 can hold.

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ybaser
· 1h ago
To The Moon 🌕
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