$SOL triggered a large long liquidation near 123.85 after failing to sustain momentum above support. The flush cleared excess leverage, and downside continuation moderated quickly, suggesting a leverage reset rather than trend failure. If price stabilizes above demand and forms higher lows, a recovery toward prior resistance remains the dominant scenario.
EP: 121.5 – 124.0
TP: 129.5 / 136.5 / 146.0
SL: 118.8
Reset-and-recovery setup with clear invalidation and controlled risk.
SOLUSDT
Perp
123.32
-2.97%