The long liquidation of SOL accounts for 96%, coupled with a counter-trend increase in open interest of +1.7% and a positive funding rate of +0.01%, three signals point to a long trap. The accumulation of $241M liquidation pressure at $117 provides a clear target for shorting, and the liquidity contraction during the Christmas holiday will amplify downward volatility. Short position with 5-7 times leverage at $123-125, target $117-112, stop loss at $128, and within 24 hours there is hope to catch a chain liquidation market, potential decline of 6-10%.
Trading strategy settings:
Direction: Short｜Leverage: 5-7 times｜Entry range: $123-125 (current price can directly open short at market price)｜Stop loss: $128 (providing 3.2% stop loss space to adapt to medium-high leverage)｜Primary target: $117 (intensive area for long liquidation, potential decline of 5.6%)｜Extended target: $112 (psychological integer level, potential decline of 9.7%)｜Risk-reward ratio 1.75, holding time 12-24 hours, strictly execute stop loss and take profit in batches.
SOLUSDT
Perp
122.2
-0.70%