$SOL On March 3 2025
a significant short position worth $312,890 was liquidated on Bybit at a price of $180.05 for Solana (SOL). This event underscores the recent bullish momentum in SOL's market.
Current Market Overview
As of March 5, 2025, Solana is trading at approximately $172.77, reflecting a 1.57% decline over the past 24 hours. This slight pullback follows a notable surge influenced by President Donald Trump's announcement of a U.S. strategic crypto reserve, which includes Solana among other major cryptocurrencies.
Key Trading Levels
Buy Zone (Entry Points):
Aggressive Entry: $225 - $230 (Higher risk, early entry)
Conservative Entry: $210 - $220 (Safer, with confirmation)
Deep Correction Entry: $190 - $200 (In case of significant market correction)
Target Levels (Take Profit):
First Target: $250 - $260 (Short-term traders)
Second Target: $280 - $300 (Mid-term traders)
Final Target: Above $320 (If strong bullish momentum continues)
Stop-Loss (Risk Management):
Short-Term Stop-Loss: Below $215
Conservative Stop-Loss: Below $200
Deep Stop-Loss: Below $180 (For long-term holders)
Market Sentiment & Strategy
Bullish Indicators:
The liquidation of a substantial short position suggests strong upward momentum.
Increased demand is pushing prices higher.
A potential breakout is possible if SOL surpasses the $250 level with significant trading volume.
Bearish Risks:
A decline in Bitcoin's price could lead to a broader market correction, affecting SOL.
If SOL loses support at $210, it might retest lower levels.
