$SOL Short Liquidation Alert
Liquidation Amount: $6.8911K
Price Level: $196.89
Market Insight:
A large short liquidation at $196.89 indicates strong buying pressure, which could push the price higher. However, follow key levels carefully to plan your trades.
Key Levels for $SOL :
1. Entry Zone:
Conservative Buy Zone: $195.50 - $197.00
Aggressive Buy Zone: $193.00 - $194.50 (For high-risk traders)
2. Target Levels:
Target 1: $200.50
Target 2: $205.00
Target 3: $210.00
3. Stop-Loss:
Strict Stop-Loss: $192.00
Strategy:
1. For Buyers:
Enter near $195.50 - $197.00 with tight risk control.
Book partial profits at $200.50 and trail the stop-loss for further targets.
2. For Risk Management:
Invest only 2-3% of your capital due to possible volatility.
Use low leverage if trading futures.
Pro Tip:
Monitor volume closely. If buying pressure sustains, it could lead to a breakout above $200. Stay disciplined and follow your trading plan!
Happy Trading!
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