Market Alert: $SOL L Liquidated Long at $189.08!
A significant long position worth $113K has been liquidated at $189.08, indicating strong downward pressure in the Solana market. Volatility is likely to increase from here.
Key Levels to Monitor:
Immediate Support: $185 (A break below could target $175)
Immediate Resistance: $195 (Critical for any recovery)
Suggested Moves:
Bullish Plan:
Wait for $SOL to reclaim $195 with strong buying momentum. A buy at this level could target $205-$210.
Bearish Plan:
If SOL breaks below $185, consider a sell with a target of $175-$170.
Pro Tip:
Volume Matters: Watch for volume spikes to confirm breakouts or breakdowns.
Risk Management: Set tight stop-losses to limit losses during high volatility.
Stay focused and adapt quickly to market changes!