SOL
Event Details:
• Event Type: Long Liquidation
• Volume Liquidated: $1.45M
• Trigger Price: $73.27
🎯 Trade Setup:
• Entry Zone: $73.80 - $74.10
• TP1: $74.40
• TP2: $75.20
• Stop-Loss (SL): $73.10
📊 Market Analysis:
A sharp sell-side liquidity sweep forced price down into the $73.27 demand pocket, absorbing lower-level stop orders before executing a rapid V-shaped reversal. The aggressive buying response indicates strong order book absorption, effectively clearing out weak hands and establishing a solid local accumulation floor. With immediate structural momentum shifting upward, price is well-positioned to reclaim $74.05 and target the previous high at $74.38. A clean breakout above this resistance level opens the path for extended bullish continuation toward higher structural supply zones.
🛡️ Risk Management: Allocate no more than 2-3% of total spot portfolio capital to this trade and strictly enforce the stop-loss level to preserve capital.
