Looking at the liquidity distribution of SOL, there is a phenomenon worth noting.
The $148 to $153 range has accumulated 1.765 billion in liquidity, which is mainly composed of early trapped positions being unwound and sell orders. This also explains why SOL has been hovering around $132—upward pressure is too heavy. If the main force wants to directly push the price higher, they need to spend a huge amount to absorb these trapped orders, which is too costly, so the market opts for the direction with the least resistance.
In other words, the current rebound is just a small correction within the daily cycle, and the long-term trend remains weak. This rally lacks genuine news support and is merely a short-term technical rebound.
**Operation suggestion at current price $132.65:**
If you want to go long, the risk is relatively high. The resistance zone above $135 means even if broken, there is only 2-3 dollars of room, making the risk-reward ratio unattractive.
If you choose to short, if an upper shadow appears and gets blocked in the $135-137 range, you can enter the position, with a stop-loss set at $140. This aligns with the trend.
For bottom-fishers, don’t rush. The right-side heatmap shows $122 has 932 million in liquidity, which is the most optimal entry point. It's much smarter than rushing in now and becoming cannon fodder.
In summary: SOL is currently being pushed back to its original form, with resistance above $140 acting like a tightening noose. Before this critical resistance is broken, expecting a major move is unrealistic. Instead of chasing highs, consider deploying around $120, waiting for a more certain rebound opportunity.
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GlueGuy
· 16h ago
1.765 billion in liquidity is stuck there, no wonder SOL is so frustrated. But the analysis is very detailed; we have to wait until the $122 level to take action.
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MEVSandwichMaker
· 16h ago
That bunch of 148 is a nightmare, trapping a bunch of people.
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Ser_This_Is_A_Casino
· 16h ago
Once again, the set from 148 to 153 is really tightly held by the trapped positions, and the main force doesn't have the courage to push it up.
Wait for 122. It's better to wait for a real opportunity rather than getting liquidated now.
This wave is just a technical rebound; don't be fooled.
Frankly, SOL is now like a trapped beast, struggling to break above 140.
Agree that buying the dip at 122 is smarter than rushing in now.
If there were any news, it would have already risen by now. It's not worth just climbing up gradually like this.
So, short at 135-137? That’s a valid approach, at least follow the trend.
Looking at the liquidity distribution of SOL, there is a phenomenon worth noting.
The $148 to $153 range has accumulated 1.765 billion in liquidity, which is mainly composed of early trapped positions being unwound and sell orders. This also explains why SOL has been hovering around $132—upward pressure is too heavy. If the main force wants to directly push the price higher, they need to spend a huge amount to absorb these trapped orders, which is too costly, so the market opts for the direction with the least resistance.
In other words, the current rebound is just a small correction within the daily cycle, and the long-term trend remains weak. This rally lacks genuine news support and is merely a short-term technical rebound.
**Operation suggestion at current price $132.65:**
If you want to go long, the risk is relatively high. The resistance zone above $135 means even if broken, there is only 2-3 dollars of room, making the risk-reward ratio unattractive.
If you choose to short, if an upper shadow appears and gets blocked in the $135-137 range, you can enter the position, with a stop-loss set at $140. This aligns with the trend.
For bottom-fishers, don’t rush. The right-side heatmap shows $122 has 932 million in liquidity, which is the most optimal entry point. It's much smarter than rushing in now and becoming cannon fodder.
In summary: SOL is currently being pushed back to its original form, with resistance above $140 acting like a tightening noose. Before this critical resistance is broken, expecting a major move is unrealistic. Instead of chasing highs, consider deploying around $120, waiting for a more certain rebound opportunity.