⚡ $SOL Short Liquidation Alert ⚡
A $14.226K short liquidation just hit at $189.6778 for $SOL ! Short liquidations often spark bullish momentum, potentially driving the price higher as shorts are forced to close. Let’s prepare for what’s next with a clear plan.
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What’s Next?
Liquidations of this size can trigger strong upward moves. Here’s the strategy to catch the action:
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Buy Zone:
👉 $187.50 - $190.00
This range is likely to act as a support zone. Look for confirmation of strength before entering to ensure the upward momentum is sustained.
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Targets:
🎯 Target 1: $195.00 (Initial resistance level)
🎯 Target 2: $200.00 (Psychological barrier)
🎯 Target 3: $210.00 (High-reward target if the rally strengthens)
Take profits gradually to lock in gains at each level.
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Stop Loss:
⛔ $185.00
Set your stop-loss just below the buy zone to limit downside risk if the market reverses.
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Trading Strategy:
1. Watch for Confirmation: Look for signs of strength, like a spike in volume or bullish candles, near the buy zone.
2. Start Small, Scale Up: Open a small position and add more only if the price moves in your favor.
3. Stick to the Plan: Exit the trade if the price falls below $185.00 to protect your capital.
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🚨 Final Thoughts: $SOL is heating up with this short liquidation fueling potential upward momentum. Trade smart, manage your risk, and stay disciplined. Big opportunities often come after liquidations—make sure you’re ready!
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