$SOL SOL recently experienced a significant short liquidation, with $3,600 in positions cleared at the $148.3 level. This indicates strong bullish pressure, and if the momentum continues, SOL could see further upside.
### **Key Level to Watch: $148**
Holding above $148 could signal further gains, potentially pushing SOL toward higher resistance levels.
### **Why This Could Be a Buying Opportunity**
- **Short Squeeze Potential:** Liquidations often force short sellers to cover, fueling additional buying pressure.
- **Strong Support at $148.3:** If $SOL SOL maintains this level, it could serve as a solid entry zone.
- **Bullish Momentum:** The liquidation suggests aggressive buying, possibly marking the start of a new rally.
### **Potential Buy Zone**
- **Entry:** Look for a bounce in the $147–$148 range.
- **Targets:**
- **First Target:** $155
- **Second Target:** $160
- **Final Target:** $170
- **Stop-Loss:** Place below $146 to limit risk if support fails.
### **What to Monitor**
- **Price Action at $148:** A sustained hold could confirm upward momentum toward $155+.
- **Volume & Candlestick Patterns:** Increasing volume and bullish candles may reinforce the rally.
If SOL holds these levels, a long position could be favorable. Stay tuned for updates!
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