SOL 71.5 life-or-death situation: Shorts bleeding, or a bull trap?

The liquidation map never lies. It only tells you which side's fuel burns out first.

On the news front, SOL surged 9.7% in a single day, driving related stocks sharply higher, with strong on-chain narratives.

On the 1-hour chart, SOL has risen above the MA30, and after breaking the double bottom neckline at $69, the theoretical target points to $74-$75, but the Bollinger Bands are extremely squeezed, and a breakout is imminent.

Smart money data: Profitable positions of 417 million USDT, average cost $75.25, floating profit $21.7 million; loss-making cost $75.76, only $4 away from current price. Above $75 is a double minefield of break-even selling and profit-taking.

The liquidation map is the core trump card: Currently, 71.5 is at the upper edge of the short liquidation zone, with large short liquidity clustered above at 71.8-72.6 and 74.8-75.4; a breakout would trigger cascading liquidations. Below, the long liquidation concentration zone is at 68.8-67.6, and a loss would accelerate the decline.

Strategy: Rebound around 69.5-70 to go long, target around 73.5-74.5,
If it directly rallies to the 75-76 area with shrinking volume and stagnation, you can try shorting with a light position,

My clear view: In the short term, bulls are in control, squeezing shorts is highly probable, but selling pressure near $75 is extremely heavy, making a direct breakout difficult.

‍$SOL #美光市值超越Meta跻身全美前十