BOOM! Solana ($SOLV ) Bulls Just Crushed $13.41K in Short Liquidations at $172.67!
The bears tried to drag $SOL down, but $13.41K worth of shorts just got REKT at $172.67 — and this could be the ignition for a fresh rally.
Technical Analysis & Trade Plan:
Chart Structure:
Major resistance flipped into support around $172.50–$174
Breakout from short-term wedge, bullish engulfing candle spotted on 4H
Entry Zone (Buy Zone):
$170.50 – $173.00 (ideal pullback zone after liquidation flush)
Target Levels:
Target 1: $178.90 (recent local top)
Target 2: $184.60 (next resistance zone)
Target 3: $191.00 (psychological and fib extension level)
Stop-Loss:
Below $167.80 (invalidate if closes below key support zone)
Why This Matters:
Shorts are trapped = Possible squeeze continuation
Open Interest dropped slightly = Smart money may be rotating in
Liquidation spike = Momentum shift
THRILLING MOMENT for Bulls! If Solana holds above $172, the squeeze could accelerate — and the next leg might be explosive.
Stay sharp, stay bullish — or stay out!