【$SOL Signal】1H breakout to short squeeze, pull back to add long positions

$SOL 1H timeframe: a large bullish candle directly breaks through the upper band, RSI surges to 71.8, buying depth imbalance reaches 3.8%, bulls actively attack. 4-hour MACD histogram continues to expand, price breaks above the upper Bollinger Band, open interest remains stable, funding rate is slightly negative, indicating a brewing short squeeze structure.

🎯Direction: Long

⚡Entry/Order: Place buy orders in the 79.88 - 80.10 range

🛑Stop-loss: Below 80.10

🚀Target 1: 79.00

🚀Target 2: 78.56

🛡️Trade Management:
- Execution strategy: After reaching the first target, reduce position by half, and move the remaining stop-loss to the entry price. If the price cannot hold above the entry zone, exit immediately.

Currently, buy orders on the order book are significantly thicker than sell orders, indicating clear support from major players. The 1-hour price has already moved away from the moving averages, making chasing high at this point a poor risk-reward choice. It’s more rational to wait patiently for the price to pull back to around 79.9 near the support zone before entering. This initial pullback after a sharp rise is often the second entry point before intraday momentum continues.

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