$SOLV – Long Liquidation Sweep Sets Up Reversal Zone 💥📉
$SOLV** just witnessed a **$2,006.1K long liquidation at $0.0046, clearing out weak longs and creating a fresh demand zone in the process. Historically, deep sweeps like this often lead to sharp reversal setups.
📊 Market Structure:
· Support Zone: $0.00428
· Resistance Level: $0.00493
· Next Target: $0.00534
What Happened:
A cascade of long liquidations flushed out leveraged buyers, removing overhead pressure and resetting the structure. These types of wicks often trap sellers and fuel reversals when buyers regain control.
📈 Bullish Outlook:
If price holds above $0.00428** and reclaims structure, a move toward **$0.00493 becomes likely. A clean break above resistance opens the path to $0.00534.
💡 Pro Tip:
Wait for a **clean candle close above $0.00493** before entering. $SOLV has a history of fakeouts before the real move — patience is key.
👉 [Trade $SOLV Here]
#solvsusdt #MarketRebound #HarvardAddsETHExposure
