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【$SOL Signal】Pullback to go long, 1H level accumulation breakout
$SOL The 1H level price is consolidating strongly between the upper and middle bands of the Bollinger Bands, the 4H MACD histogram continues to expand, and the bullish momentum has not exhausted. Market depth shows sparse sell orders, and an -8.47% depth imbalance suggests less resistance to an upward breakout.
Price can directly go long if it pulls back to the 84.90 - 85.91 range.
🛑Stop loss must be strictly set below 83.38.
🚀The first target is 87.94, which is the resonance pressure zone between the 4H Bollinger Band upper band and recent highs.
🚀The second target is 89.46, and after breaking through, it is expected to test higher integer levels.
🛡️Trading management: After the price reaches 87.94, take half of the position profit, and move the remaining stop loss up to the entry price. If the price cannot hold above 85.90 and weakens, consider exiting early.
The 1-hour chart's EMA20 and EMA50 form a bullish arrangement, and a pullback is support. The buy volume on the 4-hour level significantly increased during the latest bullish candle, indicating clear signs of active capital entry. The current funding rate of 0.0086% is in a healthy range, with no signs of excessive euphoria, leaving room for subsequent rises. This combination of volume and price action makes the pullback quite favorable risk-reward-wise.
Check real-time market 👇 $SOL
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