$SOL Short-squeeze storm unleashed: $10,044 short-squeeze at $153.97!
A major short position was crushed as Solana surpassed the $153.97 mark, eliminating over $10,000 in short trades. This is not just a number - it’s a signal that bulls are regaining control strongly.
Analysis area:
Solana has broken a key resistance near $154, driven by short-squeeze pressure. This momentum could ignite an upward movement, but caution remains essential.
Current trend: Bullish breakout from consolidation
Volume: Rising as the squeeze increases
Market sentiment: Shifting to bullish after weak short positions are squeezed
Buy area:
Entry range: $151.50 to $153.50
(Look for a retest of the squeeze area or a slight dip to enter with confirmation)
Targets:
Target 1: $158.40 - Recent high and minor resistance
Target 2: $164.00 - Key resistance area from recent rejection
Target 3: $171.20 - Momentum extension target if the trend continues
Stop loss:
Safe stop loss: Below $149.20
(A break below this negates short-term bullish momentum)
Summary:
The squeeze at $153.97 acts as a motivational point, pushing $SOL upward driven by momentum. Watch the $151-154 area closely. If sustained as support, this could be a launch point for a major bullish trend. Risk management is key - this is where precise trading pays off.
Would you like to follow the post if $SOL reaches target 1 or if new squeeze data appears?
#MyCOSTrade #CEXvsDEX101 #DGENLiveOnAlpha #MarketPullback #solana
