【$SOL Signal】Pullback to buy! 1H oversold divergence, main force showing signs of support

$SOL The 1H timeframe has entered the oversold zone, RSI indicates a bullish divergence, and the price is repeatedly testing the key support zone around 87.5-88.0. Although the 4H timeframe shows a sideways decline, open interest remains stable with no signs of panic selling, combined with negative funding rates, indicating potential for a short squeeze rebound. Currently, the price is tightly hugging just below the 1-hour EMA20, typical of a late-stage pullback structure.

🎯Direction: Long

⚡Entry/Order: 86.93 - 87.81

🛑Stop Loss: 85.80

🚀Target 1: 89.50

🚀Target 2: 91.00

🛡️Trade Management:

- Execution Strategy: After reaching Target 1, reduce position by 50% to lock in profits, and move the remaining stop loss up to the entry price. If the price fails to break above 89.00 and falls back into the entry zone, consider exiting and observing.

Depth Logic: Market depth data shows buy orders significantly thicker than sell orders, with an imbalance rate exceeding 7%, indicating strong support below. Despite the price decline, open interest has not decreased substantially, suggesting it is not main force distribution but possibly long leverage liquidation. The 1-hour RSI has turned up from low levels, indicating momentum recovery is imminent. The 87.0-87.5 zone below is a recent support level tested multiple times, combined with an optimized entry zone, offering a favorable risk-reward ratio.

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