【$SOL Signal】Long | Breakout and Retest Confirmation

After completing a V-shaped reversal on the 4H chart, $SOL performs a healthy retest below the previous high of $89.15. The price consolidates tightly within the $87.5-$88.2 range, with buying pressure continuously absorbing selling pressure, forming a momentum-building structure after the breakout.

🎯 Direction: Long

🎯 Entry: $87.5 - $88.2

🛑 Stop Loss: $84.7 ( Rigid stop loss, invalidating the structure if the previous low is broken )

🚀 Target 1: $92.0

🚀 Target 2: $95.5

Core Logic: The 4H chart shows the price rebounding strongly from a low of $84.15, with consecutive bullish candles accompanied by increased volume, confirming buyer involvement. Although the latest 4H candle's buy/sell ratio is slightly below 0.5, the price has not fallen sharply, indicating that selling pressure has been effectively absorbed. Open interest remains stable, funding rates are slightly negative, ruling out short squeeze or FOMO chasing. This is a healthy consolidation after a breakout. The order book has a large accumulation of buy orders at $87.7-$87.8, forming recent support. Market logic suggests that rising prices with stable open interest indicate main players are accumulating rather than retail chasing highs. As long as the price stays above $87.5 in the consolidation zone, testing the previous high of $92.07 is a higher probability path.

Trade here 👇 $SOL

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