$SOL Market Shakeup!
A $SOL long position worth $1.5174K has been liquidated at $189.68, sending shockwaves through the market.
This liquidation highlights increased volatility as key levels continue to break under pressure.
Important Details:
1. Liquidation Price: $189.68
2. Amount Liquidated: $1,517.4
3. Market Sentiment: Sellers dominate as stop-hunts and liquidity grabs hit long positions.
Next Move Suggestions:
1. Key Support Zone to Watch:
Monitor the $185–$188 zone for a potential bounce. If this level holds, there could be an opportunity for a recovery play.
2. Avoid Emotional Reactions:
Wait for a clear trend reversal before entering new long positions.
A solid breakout above $195 might signal strength returning.
3. Set Tight Stop-Loss Orders:
If you're already in the market, protect your downside by placing stop-losses just below $185 to minimize further risk.
4. Short-Term Scalping:
If bearish momentum persists, consider shorting with small position sizes.
Watch for a possible test of $180 in extreme selling conditions.$SOL
Markets are hunting for liquidity—stay disciplined and patient.
Let me know if you’d like help refining your strategy or analyzing further data!