🔥 SOL
📌 Event Details:
• Event Type: Short Liquidation
• Volume Liquidated: $2.1805K
• Trigger Price: $103.98
🎯 Trade Setup:
• Entry Zone: $103.00 – $104.50
• TP1: $107.00
• TP2: $111.00
• Stop-Loss (SL): $100.80
📊 Market Analysis:
The short liquidation at $103.98 signals a liquidity sweep through a nearby resistance pocket where sell-side positions were concentrated, resulting in a burst of buy-side activity and stronger market momentum. As liquidity above the trigger level is absorbed, the order book can become more favorable for continued upside movement if demand remains active. Price holding above the liquidation zone would indicate successful acceptance of higher levels and strengthen the current market structure by converting resistance into support. Continued volume participation and the formation of higher lows could support an extension toward the next resistance areas while maintaining positive directional momentum.
🛡️ Risk Management: Risk only a small percentage of total portfolio capital on a single position and maintain disciplined allocation across all trades.
