【$SOL Signal】Long! 1H strong breakout, funding squeeze in progress

$SOL The 1H timeframe is consolidating strongly above the EMA20, just closed above the 90 level. The 4H timeframe has seen a volume-driven long bullish candle breaking through the previous consolidation platform, forming a clear bullish trend. The price surged by 14.81% while open interest remained stable. Combined with positive funding rates, this is a typical short squeeze market, with bears being squeezed out. Momentum is far from exhausted.

🎯Direction: Long (Long)

🎯Entry/Order: 90.00 - 90.30 (Reason: 1H EMA20 dynamic support zone, heavy buy orders on the order book )

🛑Stop Loss: 88.50 (Reason: Break below the previous 1H candle low and EMA50 support )

🚀Target 1: 92.50 (Reason: 4H previous high resistance level )

🚀Target 2: 95.00 (Reason: 1.618 extension based on ATR measurement )

🛡️Trade Management:

- Position Size: Standard lot (Reason: 4H and 1H trends are resonating, high certainty )

- Execution Strategy: After price reaches 92.50, reduce position by 50% and lock in profits. Move the remaining stop loss up to the entry price of 90.30. If the price strongly breaks through 92.50, move the stop loss up to 91.00 to continue holding for target 2.

Deep Logic: The 1H RSI is as high as 90, indicating extreme overbought conditions. However, in a short squeeze market, RSI dulling is common, so do not blindly guess the top. The order book depth shows buy orders (Bid) significantly thicker than sell orders (Ask), with a depth imbalance of 0.39%, indicating strong support. The key bullish signal is: price surges while open interest remains stable, suggesting that the move is not solely driven by long liquidation but also by new funds actively buying or shorts being passively closed, establishing a solid foundation for the rally.

Check real-time market 👇 $SOL

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