【$SOL ‌Signal】Pullback to go long! 1H RSI bottom divergence indicates strong support

$SOL The 1H timeframe is oscillating around a critical support zone (83.0-83.5), forming a bottom. RSI shows bottom divergence signals. Although the 4H timeframe is consolidating after a decline, open interest (OI) remains stable. The price has not triggered a large-scale long liquidation, suggesting that the main force may be defending the support. The current price is 83.47, tightly hugging the sell side at the order book, with fierce battle between bulls and bears. The 1H timeframe is about to choose a direction.
🎯Direction: Go Long (Long)
🎯Entry/Order: 83.30 - 83.40 (Reason: 1H EMA50 dynamic support zone, combined with dense buy orders on the order book )
🛑Stop Loss: 82.70 (Reason: Breaks below recent 1H low, and below ATR(1.2) lower band )
🚀Target 1: 84.80 (Reason: 4H previous consolidation platform lower boundary resistance )
🚀Target 2: 85.50 (Reason: Starting point of the 4H downtrend, key resistance level )
🛡️Trade Management:
- Position size suggestion: Light position (Reason: 4H trend has not fully reversed, belongs to a left-side battle )
- Execution strategy: After entering, if the price quickly rises to 84.20 (1H EMA20), move the stop loss to the entry price. After reaching Target 1, reduce position by 50%, and move the remaining stop loss to 84.00 to aim for Target 2.
Deep logic: Price has fallen from 85.5 to around 83.5, but OI remains stable, which is not typical of main force dumping (dump usually accompanied by declining OI). The 1H RSI(39.68) has entered oversold territory, forming a bottom divergence with the price (new lows in price but RSI not new lows). Market depth shows that pressure above the sell side at 83.47 is not heavy, and buy orders are accumulated in the 83.3-83.4 range, providing a basis for a rebound. Negative funding rate (-0.0082%) also reduces long holding costs. This is a typical short-term game of 【slowing down decline + capital support】.
View real-time quotes 👇 $SOL
---
Follow me: Get more real-time analysis and insights into the crypto market! $BTC $ETH $SOL