【$SOL Signal】Long | Healthy Consolidation After Breakout with Volume

$SOL After breaking out with volume, the price enters a high-level consolidation, trading strongly within the $86.5-$89 range. This is a typical healthy reset after a breakout, not a top formation. Three consecutive volume-driven bullish candles on the 4H chart confirm the main force entering. The current reduction in volume during consolidation indicates very light selling pressure.

🎯 Direction: Long

🎯 Entry: $87.5 - $88.2

🛑 Stop Loss: $85.8 ( Rigid stop loss, below previous high support )

🚀 Target 1: $92.5

🚀 Target 2: $96.0

Core Logic: 1) Volume-Price Analysis: During the breakout phase ($76→$89), open interest (OI) and trading volume surged simultaneously, indicating typical main force driving rather than short-seller dumping. 2) Market Psychology: The current price remains above the breakout level of $85, with funding rates staying negative (-0.0254%), creating a favorable emotional environment for bulls. 3) Order Book Verification: Buy orders (depth at $87.86-$87.88) are significantly thicker than sell orders ($87.89-$87.91), showing solid support below. 4) Price Action: The last 4H candle closes near the upper end of the range at $88, forming a potential bullish engulfing pattern. As long as $86.5 is held, the higher probability path is upward continuation.

Trade here 👇 $SOL

---

Follow me: Get more real-time analysis and insights on the crypto market!