【$SOL Signal】1H Oversold Rebound + 4H Key Support Battle

$SOL The 1H RSI has entered the oversold zone (29.7), and the price has formed an initial support level in the 81.0-81.8 range. The 4H price is testing below the EMA50 (83.58), but open interest remains stable, with no signs of panic selling. The current decline appears to be more like a leveraged long squeeze. The 1H candlestick forms a double bottom at 81.05, and the bid-ask depth (bid_ask_ratio_depth=1.12) shows strong support below, indicating a short-term rebound is imminent.

🎯Direction: Long (Long)

⚡Entry/Order: 81.70 - 81.90

🛑Stop Loss: 80.90

🚀Target 1: 83.50

🚀Target 2: 85.00

🛡️Trade Management:
- Position Size: Light
- Strategy: After reaching Target 1, reduce position by 50% and move the stop loss up to the entry price (81.70). Hold the remaining position for Target 2. If the price retraces and breaks below the trailing stop, exit all positions.

Depth Logic: Despite the price decline, open interest remains stable, and the funding rate is negative (-0.017%), which weakens the momentum for further selling, resembling a calm period after a long squeeze. The 1H RSI is severely oversold, indicating a need for technical correction. The order book shows dense buy orders in the 81.60-81.70 range, forming a strong defense line. Combining this with the 4H EMA50 (83.58) as the first resistance for the rebound offers an excellent risk-reward ratio.

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