$SOL After breaking through the short-term consolidation zone at the 4H level, it is currently undergoing a healthy reset below the previous high resistance zone. The price stands firm above the EMA20, with deep buy orders significantly thicker than sell orders, indicating institutional support intentions.
🎯 Direction: Long
🎯 Entry: 81.50 - 81.80
🛑 Stop Loss: 79.25 (below the previous low and EMA20 support, rigid stop loss)
🚀 Target 1: 84.50 (previous high resistance)
🚀 Target 2: 87.50 (Fibonacci 0.618 retracement level)
Core Logic: The current market presents a typical short squeeze structure. The funding rate remains negative (-0.0131%), but the open interest is stable, and prices are rising against the trend, which is a clear signal of shorts being forced to cover. The 4H level buying has absorbed well, and although the last K-line has a small body, there has been no significant selling pressure.
Depth data shows that the buy wall (Bids) is far thicker than the sell wall (Asks), with an imbalance rate of 0.59%, indicating that the main force is actively placing orders to accumulate in the 81.5-81.8 range. RSI (43.26) has just recovered from the oversold zone and is far from being overbought, providing ample upward space. ATR (2.0586) indicates moderate volatility, and the stop loss setting is reasonable.
Overall Judgment: Short fuel is sufficient, deep support is evident, and price behavior is healthy. Pullbacks to key support zones (previous breakout points and deep buy order areas) present low-risk long opportunities.
Trade here 👇$SOL ---
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