A significant long position in Solana $SOL was liquidated at $195.74, indicating potential market volatility.
Support and Resistance Levels:
Support Levels:
$195.08
$192.04
$188.67
Resistance Levels:
$201.48
$204.85
$207.88
These levels suggest that if the price falls below $195.08, it may find support around $192.04 or $188.67.
Conversely, upward movements may encounter resistance near $201.48, $204.85, and $207.88.
Recommendation:
Given the $SOL recent liquidation and current price action, it's advisable to hold off on new positions until the market shows clearer direction.
Monitor the support and resistance levels closely.
A break below support may indicate further downside, while a move above resistance could signal upward potential.
Always use risk management strategies, such as setting stop-loss orders, to protect your investments.
*Disclaimer:
1=This analysis is for informational purposes only and should not be considered financial advice.
2=Always conduct your own research before making investment decisions.*
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