【$SOL Signal】Long! 1H strong breakout, capital inflow confirms rebound
$SOL The 1H timeframe has just completed a volume-driven long bullish breakout, with the price firmly above all short-term moving averages, and momentum sharply returning. The 4H timeframe has broken through the descending trendline, forming a bullish engulfing pattern, establishing a short-term rebound structure. The current price is consolidating below the key resistance level of 84.5, which is a typical pre-breakout buildup pattern, indicating an imminent direction choice.
🎯 Direction: Long (Long)
🎯 Entry/Order: Aggressive traders can try a small position near the current price of 84.32 (Reason: strong sideways movement after breakout). Conservative traders wait for a pullback to the 83.50-83.80 zone to add longs (Reason: 1H EMA20 support and previous breakout platform).
🛑 Stop-loss: 82.80 (Reason: break below the starting point of the 1H large bullish candle and EMA50 support).
🚀 Target 1: 86.50 (Reason: previous rebound high resistance on the 4H timeframe).
🚀 Target 2: 89.00 (Reason: 1H Fibonacci extension at 1.618 from the rise starting at 79.68).
🛡️ Trading Management:
- Position suggestion: Light position up to a standard lot (Reason: early trend stage, high volatility, but clear structure).
- Execution strategy: After reaching Target 1, reduce position by 50% to lock in profits, and move the remaining stop-loss to the entry price (break-even). If the price strongly breaks through 86.50, move the remaining stop-loss to hold and aim for Target 2.
Deep logic: Volume surged in the past 4 hours, with buy-side depth (bid_ask_ratio_depth: 0.85) indicating strong support below. The 1H RSI is as high as 76.55, entering overbought territory, but in a strong breakout scenario, RSI dulling is normal. Open interest (OI) remains stable, and the price increase is driven by genuine buying rather than short covering. The order book shows limited selling pressure above the first ask (84.32); breaking 84.5 may trigger stop-losses from shorts, accelerating the upward move.
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【$SOL Signal】Long! 1H strong breakout, capital inflow confirms rebound
$SOL The 1H timeframe has just completed a volume-driven long bullish breakout, with the price firmly above all short-term moving averages, and momentum sharply returning. The 4H timeframe has broken through the descending trendline, forming a bullish engulfing pattern, establishing a short-term rebound structure. The current price is consolidating below the key resistance level of 84.5, which is a typical pre-breakout buildup pattern, indicating an imminent direction choice.
🎯 Direction: Long (Long)
🎯 Entry/Order: Aggressive traders can try a small position near the current price of 84.32 (Reason: strong sideways movement after breakout). Conservative traders wait for a pullback to the 83.50-83.80 zone to add longs (Reason: 1H EMA20 support and previous breakout platform).
🛑 Stop-loss: 82.80 (Reason: break below the starting point of the 1H large bullish candle and EMA50 support).
🚀 Target 1: 86.50 (Reason: previous rebound high resistance on the 4H timeframe).
🚀 Target 2: 89.00 (Reason: 1H Fibonacci extension at 1.618 from the rise starting at 79.68).
🛡️ Trading Management:
- Position suggestion: Light position up to a standard lot (Reason: early trend stage, high volatility, but clear structure).
- Execution strategy: After reaching Target 1, reduce position by 50% to lock in profits, and move the remaining stop-loss to the entry price (break-even). If the price strongly breaks through 86.50, move the remaining stop-loss to hold and aim for Target 2.
Deep logic: Volume surged in the past 4 hours, with buy-side depth (bid_ask_ratio_depth: 0.85) indicating strong support below. The 1H RSI is as high as 76.55, entering overbought territory, but in a strong breakout scenario, RSI dulling is normal. Open interest (OI) remains stable, and the price increase is driven by genuine buying rather than short covering. The order book shows limited selling pressure above the first ask (84.32); breaking 84.5 may trigger stop-losses from shorts, accelerating the upward move.
Trade here 👇 $SOL
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