【$SOL Signal】Long | Breakout and Retest Confirmation

$SOL After a V-shaped rebound on the daily chart, a healthy retest and consolidation occurred on the 4H chart. The price formed a demand zone between $86.3 and $87.5, with buying pressure continuously absorbing selling pressure. The latest 4H candlestick closed at $88.2, breaking above the short-term consolidation zone's upper boundary, and Taker Buy Volume is dominant, indicating that the main buy orders are returning. Open interest remains stable, funding rates are slightly negative, which favors continuous long positions, without a panic-driven rally.

🎯 Direction: Long

🎯 Entry: $87.8 - $88.5

🛑 Stop Loss: $86.2 ( Rigid Stop Loss )

🚀 Target 1: $92.0

🚀 Target 2: $95.5

Hardcore Logic: The price completed a V-reversal at the key previous low of $78.3, confirming strong buying interest in that area. Subsequently, on the 4H chart, a flag pattern formed above $86, with the buy/sell ratio remaining around 0.5, indicating limited selling pressure. The latest 4H bullish candle was accompanied by active buying volume (Taker Buying), and broke through the consolidation zone, exemplifying the classic “breakout-retest-restart” pattern. Stable open interest suggests that the market is not driven by leverage frenzy but by spot or steady long positions accumulating. The stop loss is placed below the lower boundary of the consolidation zone, offering an excellent risk-reward ratio.

Trade here 👇 $SOL

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