$SOL Long Liquidation Alert: Major Setback for Bulls!
$SOL traders faced a brutal blow as $167K in long positions were liquidated at $212.66. This significant move highlights growing bearish momentum, with buyers unable to hold critical support.
What Happened?
The price failed to sustain above $212.66, triggering a cascade of liquidations.
Weak buying pressure suggests sellers are firmly in control for now.
Key Levels to Monitor:
1. Immediate Support: $208 – This is the last stronghold for bulls. A breakdown here could open the doors for a deeper correction toward $200 or even $190.
2. Resistance to Watch: $215 – A move back above this level might signal a shift in momentum and attract fresh buying interest.
What’s Next?
For Bulls: Patience is key. Look for signs of stabilization around $208 or a confirmed break back above $215 before entering.
For Bears: This is your moment. Stay in the trade as long as momentum remains bearish, but watch for sudden reversals near key support zones.
Critical Insight: SOL is at a make-or-break level. If bulls don’t step up soon, the bearish grip could tighten, pushing prices significantly lower. Stay vigilant and manage risk wisely!
The battle for $SOL ’s direction rages on—will bulls recover, or will bears crush support?