【$SOL Signal】Pullback to Long + 1H Oversold Rebound Play

$SOL The 1H timeframe has entered a deep oversold zone (RSI 29.67), with prices repeatedly testing the key support area (82.0-82.5). Although the 4H trend is downward, open interest (OI) remains stable, with no signs of panic selling. Coupled with negative funding rates, there is potential for a short squeeze rebound. The current 1H candlestick is attempting to form a bottoming platform, making it an opportune moment for an aggressive rebound.

🎯Direction: Long (Long)

🎯Entry/Order: 82.40 - 82.60 (scaling in around the current price)

🛑Stop Loss: 81.70 (below previous low and dense support zone)

🚀Target 1: 84.20 (1H EMA20 and previous minor resistance)

🚀Target 2: 85.50 (downtrend line on 4H and near previous high)

🛡️Trade Management:

- Position size suggestion: Light position

- Execution strategy: Scale in gradually, with average entry around 82.50. After reaching Target 1, reduce position by 50% and move stop loss to entry price. Hold remaining position for Target 2. If price encounters resistance near Target 1 and falls back, breaking the trailing stop, exit all positions.

Deep logic: Market depth shows buy orders (bid_ask_ratio_depth: 1.32) significantly stronger than sell orders, with dense orders in the 82.4-82.5 area forming short-term support. The 1H RSI is severely oversold, indicating a need for technical correction. Despite the 4H trend being bearish, stable OI and negative funding rates suggest that if the price can stabilize here, a quick rebound triggered by short covering is highly likely. This is a short-term play based on 1H oversold conditions and support resonance, with a favorable risk-reward ratio.

View real-time quotes 👇 $SOL

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