A $26.35K short liquidation at $83.87 on $SOL signals that bearish traders were forced out as price pushed higher. I see this correction as healthy because liquidations remove excessive leverage and allow the market to reset before the next move. When shorts get squeezed, it often shows buyers quietly stepping back in.
Right now I’m watching the $82–$85 zone. This area previously acted as a support and reaction level where price bounced before. It also aligns with a recent retracement area where buyers showed interest. If this level holds, they’re building strength for another upward move.
Trade Setup I’m Watching
Entry Zone: $82 – $85
Target 1: $90
Target 2: $96
Stop Loss: $78
If this level holds, I’m expecting Solana to slowly build momentum and attempt another push higher.