David2656
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Bullish
$SOL What's Happening. Solana ($SOL) just saw a major long liquidation of $27.209K at a price of $195.7481. This indicates that there was a strong buying position that got liquidated, which could lead to price movements in the coming hours or days. Liquidations like this often create volatility, so it's important to stay updated and be cautious.
What’s Next for $SOL. After such a liquidation, there can be a short term pullback or consolidation before the market decides on the next move. Price may test lower support levels before potentially resuming an upward trend or facing further downward pressure.
Buy Zone for $SOL.
First Buy Zone.
Around $190 to $195 This is a key range where $SOL could find support after the liquidation. Look for a price bounce here.
Second Buy Zone.
$180 to $185 If fails to hold above $190, this area could be another level of support where the price may stabilize.
Target Levels.
Target 1: $210 A reasonable short-term target if the market sees upward momentum after bouncing from the support zones.
Target 2: $220 If maintains its bullish trend and continues to rise, $220 could be a key resistance level to watch.
Stop Loss.
Stop Loss 1: Below $175 If breaks below this level, the trend could shift downward, and it's better to exit the position to limit losses.
Stop Loss 2: Below $170 For those willing to take a bit more risk, but always set a stop-loss to protect yourself from unexpected downturns.
Key Points to Watch.
Watch for how behaves around the support zones. If it holds above $190, the trend could continue upwards.
If the market shows signs of reversal or further liquidations, consider tightening stop-loss orders.
Conclusion.
$SOL is currently in a volatile phase after the large liquidation. By monitoring the support and resistance zones closely, you can take advantage of potential price moves.
#SOL/USDT #Crypto2025Trends #GrayscaleHorizenTrust #MarketRebound #BinanceLabsBacksUsual
What’s Next for $SOL. After such a liquidation, there can be a short term pullback or consolidation before the market decides on the next move. Price may test lower support levels before potentially resuming an upward trend or facing further downward pressure.
Buy Zone for $SOL.
First Buy Zone.
Around $190 to $195 This is a key range where $SOL could find support after the liquidation. Look for a price bounce here.
Second Buy Zone.
$180 to $185 If fails to hold above $190, this area could be another level of support where the price may stabilize.
Target Levels.
Target 1: $210 A reasonable short-term target if the market sees upward momentum after bouncing from the support zones.
Target 2: $220 If maintains its bullish trend and continues to rise, $220 could be a key resistance level to watch.
Stop Loss.
Stop Loss 1: Below $175 If breaks below this level, the trend could shift downward, and it's better to exit the position to limit losses.
Stop Loss 2: Below $170 For those willing to take a bit more risk, but always set a stop-loss to protect yourself from unexpected downturns.
Key Points to Watch.
Watch for how behaves around the support zones. If it holds above $190, the trend could continue upwards.
If the market shows signs of reversal or further liquidations, consider tightening stop-loss orders.
Conclusion.
$SOL is currently in a volatile phase after the large liquidation. By monitoring the support and resistance zones closely, you can take advantage of potential price moves.
#SOL/USDT #Crypto2025Trends #GrayscaleHorizenTrust #MarketRebound #BinanceLabsBacksUsual
Disclaimer: Includes third-party opinions. No financial advice. May include sponsored content. See T&Cs.
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