🚨 $SOL Short Liquidation Alert! 🚨

A total of $8,047.8 was liquidated at $217.5075, as bears got squeezed and bulls began to flex their strength! Is $SOL gearing up for a major rally, or will resistance hold it back? Let’s break it all down and plan your next move.

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🔥 What’s the Situation with $SOL?

Market Impact: This short liquidation highlights a surge in buying pressure. If momentum continues, $SOL could challenge higher resistance levels.

Price Action: SOL is holding steady around $217.50-$220, a critical area where the next move will be decided.

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🔍 Key Levels to Watch

Buy Zone: $210 - $217

This range offers solid support, making it a potential entry point for traders expecting further upside.

Target Levels:

Short-Term: $225 (immediate resistance)

Mid-Term: $240 (key breakout level)

Long-Term: $260 (if bullish momentum surges)

Stop Loss: $205

Keep your stop just below the support zone to manage risk effectively.

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📈 Strategy Overview

1. Entry Plan: Look to buy in the $210-$217 zone if SOL holds support and shows signs of bullish momentum.

2. Focus on Volume: A break above $225 with strong volume could signal a rally toward $240 and beyond.

3. Risk Management: Stick to your stop-loss at $205 to protect against unexpected breakdowns.

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Short liquidations often mark the start of a trend reversal. Watch for confirmation before committing to a larger position.

This is not financial advice. Always do your own research and trade carefully.

Are you ready to ride to new highs, or are you waiting for more signals? Let us know your strategy! 🚀

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