Solana ($SOL) Price Update & Trade Setup
Big Liquidation Alert!
A long liquidation worth $329.43K just happened at $235.304. This means some traders who expected the price to go up got their positions closed by force. When such liquidations occur, it often leads to more volatility.
So, what’s next for Solana ($SOL)?
Market Outlook
Current Trend: Highly volatile after liquidation
Support Level: $225 - $230 (Important buy zone)
Resistance Level: $250 - $255 (Needs to break for further upside)
Trade Setup – Buy Zone, Target & Stop Loss
If you’re looking for a trade, here’s a simple setup:
Buy Zone: $225 - $230 (Best entry point for safety)
Target 1: $245 (First resistance level)
Target 2: $255 - $260 (If momentum is strong)
Stop Loss: $218 (To protect from heavy loss)
Risk & Caution
Solana is currently in a high-risk zone due to large liquidations.
Only trade with money you can afford to lose.
Keep an eye on Bitcoin’s movement; if BTC drops, SOL might follow.
Final Thoughts
Right now, waiting for a dip near $225-$230 could be the best strategy. If Solana breaks above $250 with strong volume, it may continue rising. Stay updated and always use a stop loss to manage risk!
Would you like real-time updates or chart analysis? Let me know!