๐ฅ Massive Long Liquidation Spotted on $SOL ! ๐ฅ
A whopping long liquidation just hit the books: $13.727K at $190.65. This signals a potential shift in momentum as over-leveraged bulls get wiped out. Here's what could happen next and how you can plan your trade:
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Whatโs Next?
This liquidation often means weakness in the short term, but it could also create opportunities for both long and short traders. Letโs map out your moves!
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Buy Zone (For Long Traders):
Watch for a potential dip to $182 - $186.
This area is strong support and could trigger a rebound.
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Target Levels:
1. $195 (Immediate resistance and a short-term target).
2. $202 (Key breakout zone).
3. $210+ (If bullish momentum returns).
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Stop Loss:
Place a tight stop around $178 to protect your capital in case of further downside.
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Tips for Short Traders:
If $SOL fails to reclaim $190.65 quickly, consider shorting with targets at $182 and $175.
Watch the $190 zone carefully; if it flips into resistance, bears might take control.
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Final Thoughts:
The $SOL market is heating up, and this liquidation could be the start of bigger moves. Track volume and momentum closely before entering a trade. Stay disciplined, and donโt chase impulsive price action.
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