$SOL Long Liquidation: $38,209 at $188.2205

The recent liquidation in SOL at $188.2205 shows a significant shake-up. This movement could signal a potential rebound or further downside. Let’s dive into the analysis and create a smart trading strategy.

Market Insight:

1. What Happened?

A total of $38.20K in long positions was liquidated. This indicates buyers couldn’t hold their positions at this level.

2. Current Sentiment:

Expect higher volatility, with chances of a bounce from support or a continuation of the sell-off.

Trading Plan: What’s Next?

Buy Zone (Entry Point):

$185.00 - $188.00

This range is a potential support zone where buyers may step in to reverse the trend.

Target Levels:

1. First Target (T1): $195.00

A safe level to secure early profits.

2. Second Target (T2): $200.00

A strong resistance level for traders aiming for higher gains.

Stop Loss:

Below $182.00

Exit the trade if the price falls below this level to minimize losses.

Risk Management Tips:

1. Trade Size: Use only 2-5% of your capital for this trade to limit risk.

2. Volume Confirmation: Wait for strong buying volume in the buy zone before entering.

3. Stick to the Plan: Avoid emotional decisions and follow your strategy strictly.

Potential Scenarios:

Bullish Case: If SOL bounces from $185.00-$188.00, it could rally to $195.00 or even $200.00.

Bearish Case: A break below $182.00 could signal further downside. Be cautious and avoid long positions.

Stay disciplined, trade wisely, and keep an eye on the market trends!

This plan combines technical analysis with simple, actionable steps to help you make better decisions.

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