🚨 $SOLUSDC Short Liquidation Alert 🚨
A huge $50.296K short position was liquidated at $188.4367! This is a major event that could lead to strong price movement. Here's what this means for traders:
1. Market Implications: With such a massive short liquidation, we could see $SOLUSDC spike higher, as the liquidation squeezes shorts out of the market.
2. Buy Zone: Watch for an entry around $190.00 - $195.00. This range might offer a good opportunity to buy as the price could continue to rise following the short squeeze.
3. Target Price: Aim for a target of $210.00 in the short term. If the bullish momentum holds, $SOLUSDC might push up to $220.00.
4. Stop Loss: To protect your position, set your stop loss at $185.00. This level will help limit your losses in case the price reverses sharply.
⚠️ Caution: Liquidations can cause volatile swings, so be sure to manage your risk carefully. Watch the price action closely to make the most of this potential rally.
Stay sharp, trade smart, and keep your eyes on $SOLUSDC! 💥
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