【$SOL Signal】Long! 1H Strong Breakout, Capital Inflow Accelerating
$SOL The 1H level just broke above the previous high of $85.25 with increased volume and firmly stabilized above the EMA20 (84.88), forming a clear momentum breakout structure. The 4H level has closed bullish for several consecutive candles, breaking through the recent consolidation upper boundary, indicating a trend reversal to bullish. Currently, the price is consolidating strongly around $87.2, with deep buy-side support, rejecting deep pullbacks. This is a typical feature of a strong short squeeze market.
🎯Direction: Long (Long)
🎯Entry/Order: $86.80 - $87.00 (Reason: Dynamic support zone of 1H EMA20, also the first pullback confirmation level after breakout )
🛑Stop Loss: $85.50 (Reason: Break below the 1H breakout low of $85.76 and EMA50 support )
🚀Target 1: $89.50 (Reason: Previous wave high and psychological whole number level )
- Position Size Suggestion: Standard Position (Reason: 1H/4H resonance breakout, volume and price rising together, higher certainty )
- Execution Strategy: After the price reaches $89.50, reduce position by 50% to lock in profits, and move the remaining stop loss up to the entry price of $87.00. If the price strongly breaks above $89.50 and stabilizes, consider targeting $92.00 for the remaining position.
Depth Logic: The latest 1H candle volume surged, with buy orders accounting for up to 60%, a clear signal of main capital entering. Although OI shows stability, combined with negative funding rate (-0.0135%) and strong price rally, a typical short squeeze is brewing. Market depth shows buy orders accumulating in the $87.0-$87.2 range, providing strong support. The 1H RSI (76) is somewhat high, but tolerable in a strong breakout scenario. The key is to seize the initial inertia of the breakout.
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
【$SOL Signal】Long! 1H Strong Breakout, Capital Inflow Accelerating
$SOL The 1H level just broke above the previous high of $85.25 with increased volume and firmly stabilized above the EMA20 (84.88), forming a clear momentum breakout structure. The 4H level has closed bullish for several consecutive candles, breaking through the recent consolidation upper boundary, indicating a trend reversal to bullish. Currently, the price is consolidating strongly around $87.2, with deep buy-side support, rejecting deep pullbacks. This is a typical feature of a strong short squeeze market.
🎯Direction: Long (Long)
🎯Entry/Order: $86.80 - $87.00 (Reason: Dynamic support zone of 1H EMA20, also the first pullback confirmation level after breakout )
🛑Stop Loss: $85.50 (Reason: Break below the 1H breakout low of $85.76 and EMA50 support )
🚀Target 1: $89.50 (Reason: Previous wave high and psychological whole number level )
🚀Target 2: $92.00 (Reason: 4H previous high resistance zone, ATR 1.5x extension level )
🛡️Trade Management:
- Position Size Suggestion: Standard Position (Reason: 1H/4H resonance breakout, volume and price rising together, higher certainty )
- Execution Strategy: After the price reaches $89.50, reduce position by 50% to lock in profits, and move the remaining stop loss up to the entry price of $87.00. If the price strongly breaks above $89.50 and stabilizes, consider targeting $92.00 for the remaining position.
Depth Logic: The latest 1H candle volume surged, with buy orders accounting for up to 60%, a clear signal of main capital entering. Although OI shows stability, combined with negative funding rate (-0.0135%) and strong price rally, a typical short squeeze is brewing. Market depth shows buy orders accumulating in the $87.0-$87.2 range, providing strong support. The 1H RSI (76) is somewhat high, but tolerable in a strong breakout scenario. The key is to seize the initial inertia of the breakout.
Trade here 👇 $SOL
---
Follow me: Get more real-time analysis and insights into the crypto market! $BTC $ETH $SOL
#我在Gate广场过新年 #Gate广场发帖领五万美金红包