$SOL Short Liquidation Alert!
A $6.7228K short liquidation just occurred at $240.10, signaling bullish dominance as bears retreat under pressure. The squeeze has created a wave of momentum, potentially setting $SOL up for its next big move.
What This Means:
Short Squeeze Dynamics: Liquidated shorts add buying pressure, accelerating the upward trend.
Key Resistance Broken: The $240 level is now a critical zone; its breach suggests bullish strength.
Market Momentum: This event could spark increased volatility and attract more buyers.
Next Moves to Watch:
Sustained trading above $240.10 might pave the way for $250 and beyond.
A pullback could offer a second chance to capitalize on this bullish momentum.
Is this the start of SOL’s next rally, or will bears regroup for another fight? Let us know your thoughts below!
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