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Solana just executed a textbook liquidity grab—the kind that leaves retail traders guessing.
Price dumped hard into the $133–$134 zone, flushed out the weaker longs, then rebounded with conviction. Now SOL is sitting comfortably above $136 and eyeing that $138 resistance hard.
What's the setup? Strong support sits at $134 and $136—these are your bailout zones if momentum fades. Resistance clusters around $138–$138.5, which is where buyers will actually face some friction.
The real question though: is this breakout legit, or are we looking at another bear trap before a retest lower? The price action is sharp, but watch the volume and how SOL behaves at $138. If it holds and closes above, we could be off to the races. If it gets rejected and rolls over? Could be a setup for another flush.
Keep an eye on those support levels—$134 and $136 are your lines in the sand right now.