$SOL has broken through the short-term consolidation zone at the 4H level and is undergoing a healthy reset below the previous high resistance area. The price is stable above the EMA20, with deep buy orders significantly exceeding sell orders, indicating institutional support intentions.
🎯 Direction: Long
🎯 Entry: 81.50 - 81.80
🛑 Stop Loss: 79.25 (break below the previous low and EMA20 support, strict stop loss)
🚀 Target 1: 84.50 (previous high resistance)
🚀 Target 2: 87.50 (Fibonacci 0.618 retracement)
Logic: The current market shows a typical short squeeze structure. The funding rate remains negative (-0.0131%), but the open interest is stable, and the price is rising against the trend, which is a clear signal of short covering. The 4H level buying pressure is well absorbed, and although the last K-line is a small body, there is no significant selling pressure.
Depth data shows that the buy wall (Bids) is much thicker than the sell wall (Asks), with an imbalance rate of 0.59%, indicating that the main force is actively placing orders in the 81.5-81.8 range to accumulate. RSI (43.26) has just recovered from the oversold area, far from overbought, providing ample upward space. ATR (2.0586) shows moderate volatility, making the stop loss setting reasonable.
Overall assessment: Ample short fuel, evident deep support, and healthy price action. A pullback to key support areas (previous breakout level and deep buy order area) presents a low-risk long opportunity.
Trade here 👇$SOL
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