$SOL 1H level repeatedly tests support in the 81.0-82.0 range, RSI(1H) has entered oversold territory and shows signs of bullish divergence. Although on the 4H chart the price is in a downtrend channel, open interest(OI) remains stable. The price decline has not triggered a large-scale long liquidation, suggesting that the main players may be supporting the market and accumulating positions. The current price is tightly hugging just below the 1H EMA50, making it a typical short-term trading point.


🎯Direction: Long (Long)
⚡Entry/Order: 81.5 - 81.8
🛑Stop Loss: 80.2
🚀Target 1: 83.5
🚀Target 2: 85.0
🛡️Trade Management:
- Position suggestion: Light position
- Execution strategy: If the price quickly rises to hit target 1 after entry, reduce position by 50% and immediately move the stop loss up to the entry price of 81.5. For the remaining position, aim for target 2. If the price hovers in the entry zone for more than 2 one-hour candles without triggering, consider breaking even or taking a small loss.
Depth logic: Price fell from 88 to 81, a decline of nearly 8%, but open interest remains stable. Market logic indicates it is not main force distribution. The 1H RSI(34.68) is severely oversold and diverges from the new lows in price, indicating a strong rebound demand. The order book shows significant buy depth (81.7-81.8), with selling pressure concentrated at 81.9-82.0. Breaking through this area will trigger short covering. Coupled with extremely low funding rates, this is a typical prelude to a short squeeze.
View real-time quotes 👇#Gate广场发帖领五万美金红包 $SOL
SOL-0.33%
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