【$SOL Signal】1H Level Rebound Trading, Confirmed Pullback to Enter Long

$SOL The 1H level formed a small double bottom around 85.0 and then rebounded. The price has already broken above the 1H EMA50 (86.32) and tested the 1H EMA20 (86.95). The 4H level remains in a downtrend channel, but the current 1H rebound momentum combined with the negative funding rate (-0.0048%) creates a potential short squeeze condition. Stable open interest indicates that this is not driven by major players offloading. This is a typical short-term rebound trading opportunity.

🎯Direction: Long (Long)

🎯Entry/Order: 86.20 - 86.40 (Reason: Pullback to the 1H EMA50 support zone, and the upper edge of the previous 1-hour candle body)

🛑Stop Loss: 85.40 (Reason: Break below the 1H double bottom neckline and previous low support, ATR stop loss approximately 0.8)

🚀Target 1: 87.80 (Reason: Previous minor resistance on the 4H level and previous high on the 1H level)

🚀Target 2: 89.20 (Reason: 4H EMA20 resistance and the 0.618 Fibonacci retracement of the previous downtrend)

🛡️Trade Management:

- Position Size Suggestion: Light (Reason: The 4H trend is still bearish; this is a counter-trend rebound, higher risk)

- Execution Strategy: After reaching Target 1, reduce position by 50% and move stop loss to the entry level (break-even). Hold the remaining position towards Target 2. If the price cannot hold above 86.40 (entry zone upper edge) and weakens, consider exiting early.

Deep Logic: Order book shows sell orders accumulating in the 86.05-86.20 range (depth imbalance -15.24%). Once absorbed by buy orders, upward resistance will decrease. The 1H RSI (41.38) has rebounded from oversold territory, indicating room for a rebound. The key is whether the price can hold above the 1H EMA20 and trigger a warming of the 4H structure. In a negative funding rate environment, short sellers face liquidation pressure, which favors a short-term rebound continuation.

Trade here 👇 $SOL

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