【$SOL Signal】Breakout and retest on 1H, long positions sniper

$SOL Price on 1H timeframe closely hugging the upper Bollinger band, MACD fast and slow lines forming a golden cross, although the histogram slightly contracts, it remains above the zero line overall. The order book buy depth is dominant at 2.67%, indicating a weak willingness to absorb downward.

Price encountered selling pressure around 89.3 and retraced, the current price at 88.15 falls right within the suggested entry zone of 87.71-88.59, upper boundary. This position is worth a try, with a favorable risk-reward ratio.

⚡Entry: Enter directly near the current price of 88.15.

🛑Stop loss: Strictly below 87.00.

🚀Target 1: First target at 91.76.

🚀Target 2: Second target at 93.35.

🛡️Trade management:
- Execution strategy: Reduce half of the position after reaching 91.76, remaining position’s stop loss moved up to the entry price. If the price fails to hold above 88.6 and turns downward, consider exiting early.

1-hour volume significantly increased during the rally, but the recent candlestick’s buy ratio dropped to 0.52, indicating a healthy correction. Although 4-hour data is insufficient, the 1-hour EMA20/50 are already in a bullish alignment, and the price retesting EMA20 without breaking below is a structure favored by short-term bulls. Open interest remains stable, with no signs of price manipulation or distribution accompanied by declining OI.

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