⥠SOL JUST FLIPPED THE PRESSURE ZONE
đą Short Liquidation: $75.7K
đ„ Liquidated at: $119.31
A short position just got wiped near $119.31 â and the timing matters.
SOL is trading around the $119 area, while fresh liquidation data shows another sizeable short-liquidity cluster around $119.80. That puts the nearby upside zone firmly on watch.
đŻ Levels on Watch
âą $119.80 â immediate liquidity trigger
âą $121â$123 â potential continuation zone
âą $117.90 â key support area
âą Below $116 â momentum could weaken and expose lower levels
đ My Market Read:
If SOL reclaims and holds $119.80, another wave of short covering could accelerate the move toward the $121â$123 region.
But if price gets rejected and loses $117.90â$116, the bullish setup loses strength and a deeper retracement becomes possible.
đ„ Signal Bias: Watch for confirmation above resistance â don't chase the first spike.
Liquidity is building. The next SOL move could be fast.
Manage leverage and risk carefully. â ïž
#CerebrasSinksNearly20%OnReportNvidiaToPowerOpenAI #SECProposesCryptoCustodyRules #SECApproves3xLongCryptoCommodityETPs #G7PlansToReleaseUpTo100MBarrelsOilDiesel #ICBASuesOCCOverCryptoBankCharters
đą Short Liquidation: $75.7K
đ„ Liquidated at: $119.31
A short position just got wiped near $119.31 â and the timing matters.
SOL is trading around the $119 area, while fresh liquidation data shows another sizeable short-liquidity cluster around $119.80. That puts the nearby upside zone firmly on watch.
đŻ Levels on Watch
âą $119.80 â immediate liquidity trigger
âą $121â$123 â potential continuation zone
âą $117.90 â key support area
âą Below $116 â momentum could weaken and expose lower levels
đ My Market Read:
If SOL reclaims and holds $119.80, another wave of short covering could accelerate the move toward the $121â$123 region.
But if price gets rejected and loses $117.90â$116, the bullish setup loses strength and a deeper retracement becomes possible.
đ„ Signal Bias: Watch for confirmation above resistance â don't chase the first spike.
Liquidity is building. The next SOL move could be fast.
Manage leverage and risk carefully. â ïž
#CerebrasSinksNearly20%OnReportNvidiaToPowerOpenAI #SECProposesCryptoCustodyRules #SECApproves3xLongCryptoCommodityETPs #G7PlansToReleaseUpTo100MBarrelsOilDiesel #ICBASuesOCCOverCryptoBankCharters