Massive $SOL Liquidation Alert.
$12,242 Long Liquidated at $194.29
Solana's bulls faced a massive blow as $12.242K worth of long positions were liquidated at the critical price of $194.29.
Why It Happened:
The price action hints at resistance around $194-$195 levels, triggering a cascade of liquidations as leveraged traders couldn't hold their positions.
Key Resistance: $194.5
Support Zone to Watch: $185-$190
Next Major Target: $200+
What’s Next for $SOL
With this shakeout, liquidity might build up for the next breakout. Keep an eye on these zones:
Buy Zone: $185-$190 (if we see a dip)
Breakout Levels: $195-$200
Stop-Loss: $183 to manage risk effectively.
Thrill of the Market:
The liquidations often create golden opportunities for sharp traders. Is this a trap, or will SOL surge beyond $200.
The battle is ON!
Stay sharp and trade smart.
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