$SOL Long Liquidation Alert and Technical Breakdown
A major long liquidation of $18,373 just triggered at $153.13, signaling a wave of forced exits and increased volatility. Here's the deep-dive technical analysis to understand the next move and how to trade it smartly.
Market Sentiment Overview:
The recent liquidation suggests that bullish positions have been caught off guard, likely due to a sharp move down. This kind of shakeout often comes before either a reversal or a stronger continuation move. Traders should now be extremely cautious and watch key levels.
Analysis Zone (Buy Zone):
Key Demand Zone:
$147.50 – $150.20
This zone shows a strong historical bounce and coincides with previous support levels. If Solana stabilizes here with decent volume, it could mark a solid entry for a rebound.
Upside Targets (Short to Mid-Term):
1. Target 1: $157.60 – Initial resistance formed from the breakdown zone.
2. Target 2: $162.80 – A structural retest level where previous long interest piled up.
3. Target 3: $168.40 – High-probability resistance if volume surges above Target 2.
Stop Loss Strategy:
Stop Loss:
Below $146.30, where market structure would break further and increase the chance of a deeper decline. This level invalidates the bullish thesis in the short term.
Pro Traders’ Insight:
The liquidation event signals an emotional flush out, and these often mark pivotal points in the market. If $SOL holds the $147.50 zone with strong buyback volume, this could be a high-risk, high-reward entry opportunity. Watch for a 4H candle close above $153.50 to confirm buyer strength returning.
Caution: If price fails to hold the $147.50 zone, we may see a sharp fall toward the $141.80 region, so trade with a defined risk.
Stay sharp, manage your levels, and don’t chase. Patience pays in volatile zones.
