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【$SOL Signal】Long | Healthy Pullback After Breakout with Volume
$SOL After volume breakout on the 4H timeframe, the price is consolidating in a narrow range just above a key support level. Price action shows sustained buying absorption during the pullback, with no signs of panic selling. This is a typical bullish continuation pattern.
🎯 Direction: Long
🎯 Entry: 85.80 - 86.20
🛑 Stop Loss: 83.40 ( Rigid stop loss, below previous low and dense trading zone )
🚀 Target 1: 92.00
🚀 Target 2: 96.50
Solid logic: The 4H candlestick chart shows a V-shaped reversal from the low of 67.29, followed by three consecutive bullish candles with significantly increased volume, confirming main force buying. The current price is consolidating above the breakout zone (~81-82 area), with funding rates remaining negative, eliminating short-term overheating bubbles. The order book shows dense buy orders below 86.5, forming immediate support. This consolidation is a healthy reset after a breakout, aimed at clearing out floating positions. As long as the price holds above 83.4 (the upper boundary of the previous breakout zone and the low of the volume spike candle), an upward momentum restart is highly probable.
Trade here 👇 $SOL
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#Is the current market bottoming or just waiting?