【$SOL Signal】Long + Healthy Consolidation After Breakout

$SOL After a strong breakout, the price enters a high-level consolidation, with continuous upper and lower shadows on the 4H chart, indicating active trading between 87-89. The current price is consolidating above the breakout level, which is a healthy reset rather than a top. Funding rates remain negative, fueling the subsequent upward move. Order book depth shows lighter sell pressure above 88, with dense buy support around 87.5.

🎯Direction: Long

🎯Entry: 87.5 - 88.0

🛑Stop Loss: 86.0 (Rigid Stop Loss)

🚀Target 1: 92.5

🚀Target 2: 96.0

Technical Logic: After breaking through the dense zone at 81-83, the price did not experience a deep retracement, indicating strong buying absorption. The 4H candlestick shows an upward structure with higher highs and higher lows, and each pullback is quickly bought back. The current consolidation zone (87-89) is closely aligned with the high of the breakout bullish candle, indicating a strong consolidation pattern. Negative funding rates suppress excessive leverage, laying a foundation for healthy upward movement. As long as the price holds above 86.0 (support from the previous high turned support), the probability of continuing upward is higher.

Trade here 👇 $SOL

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