$SOL Short Liquidation Alert: A substantial $4.3153K short liquidation took place at $196.15, signaling strong bullish movement in Solana's price. This could mark the start of a new upward trend as short positions are forced to cover.
Key Points to Watch:
Liquidation Value: $4.3153K
Liquidation Price: $196.15
Market Insight: The significant short squeeze is a clear indication of increasing buying pressure. As these short positions unwind, the price of SOL could continue to surge, potentially targeting new highs.
🔍 Potential Strategy: Watch for continued strength above $196. If SOL holds this level, consider entering long positions with targets at the next resistance zones, likely around $210 and $220. Ensure stop-loss orders are in place to manage risk effectively, as the market can shift rapidly.