$SOL Liquidation Alert:
Long positions worth $239K were liquidated at $217.34. Here’s the breakdown:
Key Highlights:
Massive Liquidation: $SOL hit $217.34, leading to a significant liquidation of $239K in long positions.
Bearish Pressure: This sharp decline suggests increasing selling pressure, with traders reacting to the downward shift in momentum.
Market Volatility: The liquidation spike signals heightened volatility, with potential for further price corrections.
Next Move:
Short-Term Strategy: Watch $210.00 for key support. A breach below could lead to further downside, with $200.00 as the next major support level.
Risk Management: Tighten stop-loss orders and keep an eye on $220.00 for signs of a potential rebound.
Stay alert for further market shifts!
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