【$SOL Signal】Pullback to Long: 1H level retracement support, signs of main force defending the market under negative funding rate

$SOL The 1H level is weakly oscillating below the EMA20, but the latest hourly candlestick closed bullish with buying volume rising to 0.56, indicating support below. The 4H level is in a downtrend channel, but open interest remains stable and has not decreased with the price decline. Coupled with negative funding rates, this suggests short sellers need to pay fees, indicating potential short squeeze. Market depth shows substantial buy orders, with selling pressure concentrated above 83.0.

🎯Direction: Long

⚡Entry/Order: 81.86 - 82.69

🛑Stop Loss: 80.90

🚀Target 1: 83.80

🚀Target 2: 85.20

🛡️Trade Management:

- Execution Strategy: After reaching Target 1, reduce position by 50% and move stop loss to entry price. Trail remaining position for take profit; if price retraces and breaks below the trailing stop, exit all positions.

(Depth Logic: Price declines but open interest remains stable, indicating it’s not mainly large players offloading, but rather a liquidation caused by long squeeze. Negative funding rates persist, increasing short holding costs. The 1H RSI is near 40, close to oversold territory, with rebound potential. Key support is near the previous low around 81.67; as long as it holds, the rebound targets are the 4H EMA20 resistance at 83.8 and the previous high at 85.2. )

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