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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.