【$SOL Signal】Pullback to go long! 1H oversold rebound imminent, clear signs of main force supporting the market

$SOL The 1H timeframe is severely oversold, RSI has dropped to 26.5, and the price is consolidating around 84.5, indicating a typical buffer structure after a sharp decline. Although the 4H trend is downward, open interest remains stable, showing no signs of panic selling. Combined with negative funding rates, there is potential for a short squeeze rebound. Market depth shows buy orders accumulating in the 84.4-84.5 range, with solid support below.

🎯Direction: Go long (pullback entry)

⚡Entry/Order: 83.64 - 84.48

🛑Stop Loss: 82.90

🚀Target 1: 86.50

🚀Target 2: 88.00

🛡️Trade Management:

- Execution Strategy: After reaching Target 1, reduce position by 50% and move stop loss to entry price. Hold remaining position to aim for Target 2. If the price pulls back and breaks below the lower boundary of the entry zone, abandon this trade.

Deep Logic: The price plummeted from 87.2 to 83.9 within an hour, but open interest did not drop sharply, indicating it’s not purely a long squeeze; there may be main force absorbing the sell-off. The 1H RSI is deeply oversold, suggesting a technical rebound is needed. The current price is close to the upper boundary of the suggested entry zone, making it an excellent position to bet on a short-term rebound. In a negative funding rate environment, short positions have higher costs, and any upward movement could trigger short covering.

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