$SOL L Short Liquidation – $3.60K Cleared at $148.3
$SOL just saw a big short liquidation, wiping out $3.6K at $148.3. This suggests a strong move from the bulls, and we could be in for more upside if this momentum holds.
The key level to watch is $148. If price can hold above this, we might see $SOL push higher to test the next resistance levels.
Why This Could Be a Good Buy:
Short Squeeze Reaction: Short liquidations often trigger a wave of buying as traders rush to cover. This can push the price higher.
Key Support at $148.3: If price stays above this level, it could act as solid support, making it a good spot to enter.
Strong Momentum: The liquidations suggest buyers are stepping in strong, and this could be the start of a new rally.
Buy Zone:
Entry Point: Watch for price to hold above $148. If it dips into the $147–$148 range and shows signs of bouncing, this could be an entry point.
Target 1: $155
Target 2: $160
Final Target: $170
Stop-Loss:
Risk Management: Set a stop below $146 to minimize potential losses in case the support breaks.
What I’m Watching For:
I’m keeping an eye on the $148 level. If it holds strong, I’m looking for upward momentum toward $155 and beyond.
Watch for volume and candlestick patterns that confirm the continuation of the rally.
I’m watching this one closely—if the price holds, I’m in.
Follow me for more updates.
Share with your trading fam so they don’t miss out on the next move!
148.71
+0.37%
#AirdropStepByStep #AbuDhabiStablecoin #AltcoinETFsPostpone Guide
