【$SOL Signal】Long | Healthy Pullback After Breakout

$SOL After a volume breakout on the 4H timeframe, the price is undergoing a high-level consolidation and cooling phase. The price is oscillating within the $84.15-$85.67 range, which is a healthy reset after a rapid upward move, not a top signal. Buying pressure continues to absorb sell orders in the $84.5-$85.0 area, and the 4H candlestick shows low volatility contraction. Negative funding rates indicate cautious market sentiment, which is favorable for long positions.

🎯Direction: Long

🎯Entry: $84.80 - $85.30

🛑Stop Loss: $83.90 (Rigid stop loss, invalidating the structure if broken below previous low support)

🚀Target 1: $88.50

🚀Target 2: $91.00

Deep technical logic: After breaking through the key resistance at $83.5, the price did not experience a significant pullback but instead formed clear support above the breakout level ($84.15). Volume significantly increased during the breakout on the 4H timeframe, then decreased during the consolidation phase, indicating that the main players have not exited. The current price is consolidating close to the 4H EMA cluster (around $84.5), with the order book showing dense sell orders in the $85.1-$85.15 range. Once absorbed, upward space opens. Structurally, this is a typical “breakout - pullback - re-acceleration” pattern. As long as the $84.0-$84.5 support zone is not broken with a solid candle, testing the previous high of $89.7 is highly probable.

Trade here 👇 $SOL

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