$SOL A notable short position on Bybit was liquidated, involving approximately $64,970 at a Solana (SOL) price of $175.59. This event indicates a strong upward movement in SOL's price, causing short sellers to close their positions.
Buy Zone: Considering the current market trend, a potential buy zone could be between $170 and $180. This range offers a balance between potential upside and manageable risk.
Target: Short-term traders might aim for a target of $190 to $200, capitalizing on recent bullish momentum. Long-term investors could set higher targets, depending on broader market conditions and personal investment goals.
Stop Loss: To manage risk, consider placing a stop loss around $165. This level helps protect against unexpected downward movements.