Major $SOL Long Liquidation Hits!
A $2.1207K long position was just liquidated at $192.79—and the market is heating up!
Key Details:
Asset: Solana ($SOL)
Liquidation Amount: $2,120.7
Liquidation Price: $192.79
What This Means:
A long liquidation at this level may signal that bullish momentum has hit a critical point of weakness.
Sellers could gain control in the short term, dragging the price lower, or this could flush out weak hands before a recovery rally.
Next Steps:
1. Watch Support Levels: Monitor key levels at $190 and $185. If these hold, a bounce could be imminent.
2. Look for Volume Confirmation: Increased selling pressure without sustained volume could mean a recovery is near.
3. Strategic Play:
If $SOL drops below $192, short-term shorts might target $185.
If $SOL stabilizes above $192, consider a cautious long position for a potential bounce back to $200+.
Final Insight:
This liquidation could define the next major move for $SOL.
Stay focused—volatility is your friend, but only if you act decisively!