🚨 $SOLV Liquidation Sparks Opportunity: Major Longs Wiped at $0.04161
A sudden long liquidation of $1,249.7 at $0.04161 has shaken out weak hands in $SOLV , signaling a potential trend shift. This flush could mark a prime re-entry point for those eyeing the next breakout.
Technical Analysis & Trade Setup:
Buy Zone:
$0.03880 – $0.04150
This zone has absorbed liquidity from panic sellers. Volume spike near $0.0416 suggests institutional interest. Price is stabilizing above key support with decreasing selling pressure.
Immediate Resistance:
$0.04520 – Watch for a close above this to confirm bullish intent.
Targets:
Target 1: $0.04680 (Short-term resistance and liquidity pocket)
Target 2: $0.04990 (Major resistance from previous swing)
Target 3: $0.05270 (If momentum sustains, could trigger a breakout rally)
Stop Loss:
$0.03770 – Below recent wick and invalidation of support structure.
Strategy Insight:
The liquidation at $0.04161 has reset over-leveraged longs, clearing the path for stronger, organic price action. With the market now in a reset phase, $SOLV might reclaim higher zones if bulls defend the buy range.
Risk Management Note:
Only enter with capital you can afford to lose. This setup depends on bulls defending the structure and requires close monitoring of Bitcoin’s overall trend.