【$SOL Signal】Pullback to Long! 1H Oversold Divergence, Main Force Showing Signs of Support

$SOL 1H level RSI is severely oversold at 34.2, forming a bullish divergence with the price, and the current price has already fallen to the recent oscillation lower boundary on the 4H timeframe. Although the 4H trend is weak, there is a strong technical rebound demand on the 1H timeframe. The key point is: when the price declines, open interest remains stable, indicating it’s not main force distribution but rather a passive liquidation of long positions. The depth of buy orders at the market is unusually thick around 82.7-82.8, showing funds are absorbing below.

🎯Direction: Long (Long)

🎯Entry/Order: 82.70 - 82.85 (Reason: 1H support zone and dense buy orders resonate, aiming for the first rebound step)

🛑Stop Loss: 82.30 (Reason: Break below recent 4H support and ATR(1.99), structure breakdown)

🚀Target 1: 84.20 (Reason: 1H EMA20 resistance and previous small platform)

🚀Target 2: 85.40 (Reason: 4H previous high resistance and EMA50 pressure)

🛡️Trading Management:

- Position suggestion: Light position (Reason: 4H trend has not fully turned bullish, it’s a rebound game against a small downtrend with a larger trend)

- Execution strategy: If the price rebounds to around 83.50 (near the 1H opening price), consider it a preliminary sign of strength. After reaching Target 1, reduce position by 50% and move stop loss to entry price. If the price cannot quickly break above 83.50, consider exiting early.

Depth logic: Market logic indicates “price decline, please combine open interest to determine whether it’s long liquidation or main force distribution.” Data verification: open interest trend is stable, not decreasing with price decline, ruling out main force distribution. Funding rate is negative (-0.0128%), indicating potential for short squeeze. 1H RSI bullish divergence is forming; once the price stabilizes, short covering may trigger a rapid rebound. Currently, it’s a typical panic sell-off end, suitable for left-side accumulation.

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