This correction is healthy because strong trends don’t move in straight lines. The market needs pullbacks to absorb liquidity, shake out weak hands, and rebuild structure. These pauses often become the foundation for the next expansion, especially when they occur at technically meaningful levels.
$SOL Short Liquidation: $4.2609K at $124.55
I’m watching the $124–$125 area closely because it has already proven its importance. This zone previously acted as a solid support during the last consolidation before SOL pushed higher, and price reacted sharply from here in the past. Now that we’re revisiting it, I see them building strength rather than breaking down. That tells me sellers are losing control into this level.
Technically, this area aligns with a key retracement of the recent upward impulse and a clear reaction zone where buyers stepped in aggressively before. Volume previously expanded here, and price respected it multiple times. If this level holds, it creates the perfect condition for shorts to get trapped, especially with liquidation pressure sitting above.
Trade Setup
Entry Zone: $123.80 – $125.20
Target 1: $129.50
Target 2: $134.80
Stop Loss: $121.60
I’m watching how price behaves inside this range. If this level holds and buyers keep defending it, the structure remains bullish. They’re building strength here, and a clean move upward can trigger short liquidations quickly once momentum flips.
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