🚨 $SOL Liquidation Alert! 🚨
Longs worth $19.519K got liquidated at $212.16. The market is shaking, and opportunity is knocking!
Here’s what you need to know:
🔍 What Happened?
A significant long liquidation event suggests over-leveraged positions have been wiped out. This often leads to reduced volatility and can set the stage for the next big move.
📈 What’s Next?
After liquidations, the market usually either:
1. Reverses: Bouncing back as selling pressure reduces.
2. Consolidates: Finding a new base before the next trend.
🛒 Buy Zone
Look for accumulation near $205-$210. This area could act as support after the liquidation.
🎯 Target Levels
1. Short-Term Target: $220 (local resistance).
2. Mid-Term Target: $235 (next major hurdle).
3. Bullish Target: $250+ if momentum builds.
🛑 Stop Loss
Set your stop loss just below $200 to minimize risk.
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🚀 Pro Tip:
Stay patient and wait for confirmation before jumping in. Watch for a strong bounce or signs of accumulation in the buy zone. Avoid over-leverage to protect your capital.
What’s your game plan? Drop your thoughts below!
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