【$SOL Signal】Long! 1H breakout retest confirmed, main force clearly defending the price with negative fee rate

$SOL After experiencing a sharp shakeout, the 1H level price strongly rebounded and stayed above the EMA20 (83.42), forming a V-shaped reversal. Although the 4H level is still in a consolidation zone, the latest candlestick closed at 84.45, breaking the previous high of the last candlestick, indicating that the bulls are attempting to regain control. The key point is: the price rebounded sharply from 81.71 in a deep V-shape, while open interest (OI) remained stable, and the negative funding rate (-0.0025%) suggests that bears need to pay fees, hinting at a potential short squeeze. The order book shows buy orders accumulating in the 84.30-84.40 range, providing immediate support.

🎯Direction: Long (Long)

🎯Entry/Order: 84.30 - 84.40 (Reason: 1H EMA20 support zone resonating with dense buy orders )

🛑Stop Loss: 82.60 (Reason: Falling below the previous hour’s low and the V-shaped reversal point )

🚀Target 1: 85.80 (Reason: 4H resistance at previous high and 1.0 Fibonacci extension )

🚀Target 2: 87.50 (Reason: Daily EMA50 resistance zone and 1.618 Fibonacci extension )

🛡️Trade Management:

- Position size suggestion: Standard position (Reason: Clear 1H structure, risk-reward ratio >1.5, risk controllable )

- Execution strategy: After reaching 85.80 (Target 1), reduce position by 50% to lock in profits, and move the stop loss of the remaining position to the entry price of 84.30 (break-even). If the price cannot hold above 84.80 (previous 1H high turned support), consider partial exit early.

Deep logic: Market logic indicates “price rising, please consider open interest,” in the current scenario, the price violently pulled back $4 from a low, while OI remained stable (not decreasing), strongly suggesting that this is not a short covering squeeze but rather new long capital actively entering the market. The 1H RSI (61.56) still has room to rise and has not entered overbought territory. The order book depth imbalance is -20.72%, with selling pressure concentrated above 84.50. Once this area is broken, with sparse sell orders above, a quick rally is expected.

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