Massive Liquidation Alert on $SOL

Shorts Liquidated: A staggering $5,753.4 at the $191.63 mark!

What Happened?: A powerful price surge liquidated a significant number of short positions. This shows the strength of SOL's bullish momentum as it breaks key resistance levels.

Why is This Important.

1️⃣ Short Liquidations: Occur when traders betting against the price (short sellers) are forced to exit their positions due to rising prices.

2️⃣ Fuel for Bullish Runs: Liquidations often lead to forced buying, pushing prices even higher in a short squeeze.

Key Market Metrics.

Current Price Trend: $SOL has been rallying with high volume, breaking resistance levels and showing strong buyer interest.

Market Sentiment: Bullish, with whales accumulating and retail traders catching on.

What’s Next.

If $SOL maintains this momentum, we could see it targeting $200+ in the short term. However, corrections are always a possibility, so caution is advised.

Trade Setup

Support Zone: $175 - $180

Resistance Zone: $195 - $200

Potential Targets:

Target 1: $195

Target 2: $205

Stop-Loss: Below $175

Market Insights: Such liquidations highlight the volatility in crypto markets and the risks of over-leveraged positions. Trade wisely.

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