Solana is experiencing a strong liquidation-driven setup after heavy short liquidations worth $12.91K at $215.16. This move is trapping bears while bulls gain momentum.
Key Points:
- Entry Zone: $213 - $216 (buy area with strong demand building)
- Targets: TP1: $220, TP2: $228
- Stop Loss: $209 (protection against sudden bearish reversals)
Why This Setup is Strong:
- Liquidations remove weak hands and trap shorts.
- Demand is stepping in after pressure.
- Favorable risk-to-reward ratio.
- Momentum is on the bull side.
Trading Strategy:
- Trade safe and stay disciplined.
- Ride the wave, don't chase it.
This setup suggests a potential opportunity for traders to capitalize on the momentum shift in $SOL 's price
Click here $SOL to buy now
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