【$SOL Signal】1H Oversold Rebound Trading, Watch for Breakthrough of Key Resistance

$SOL The 1H timeframe is in an oversold rebound correction phase, with the price forming a short-term support around 78.0. The 4H timeframe remains in a downtrend, but the 1H RSI has turned up from the oversold zone, indicating a technical rebound demand. Current open interest remains stable, with no signs of panic selling; major players may be defending the market at this level.

🎯Direction: Long (Long)

🎯Entry/Order: 78.00 - 78.30 (Reason: 1H K-line support at the lower edge of the platform, combined with dense buy orders in the order book )

🛑Stop Loss: 76.90 (Reason: Break below previous low of 77.06 and ATR lower band )

🚀Target 1: 80.00 (Reason: 1H EMA20 resistance and psychological round number )

🚀Target 2: 81.50 (Reason: Previous rebound high on the 4H timeframe and Fibonacci 0.382 retracement level )

🛡️Trade Management:

- Position Size Suggestion: Light (Reason: The 4H trend is still bearish; this is a counter-trend rebound with higher risk )

- Execution Strategy: Consider reducing 30% of the position when the price reaches around 79.50 (near 1H EMA20), with the remaining stop loss moved up to the entry price. If the price quickly breaks above 80.0 and stabilizes, hold for the second target.

Deep Logic: The 1H RSI is at 33.27, near oversold levels and beginning to turn up, indicating potential for technical correction. Order book depth shows significant buy orders below 78.0 (about 45,000 SOL), providing short-term support. Although the 4H timeframe shows a bearish alignment, open interest remains stable and has not surged with the price drop, indicating it’s unlikely to be a major liquidation by large players. Negative funding rate (-0.007%) may attract some arbitrage buying. The key is whether the price can quickly recover above 79.5 (1H EMA20) to reverse short-term sentiment.

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