$SOL Liquidated Short: 107K at183.82
Massive Market Reaction!
- A huge short position liquidation just occurred on #SOL with 107K at183.82!
This suggests major volatility, and we could see some strong price movements in the near future. Stay alert!
Key Levels to Watch:
• Support Level:175.00 - This is an important support level for Solana. If the price holds here, we might see a potential bounce upward.
• Resistance Level: 195.00 - A key resistance point. If the price breaks above this level, we could see a strong move towards 210.00.
Next Move Strategy:
1. For Buyers:
• Entry Price: Watch for potential entry around 175.00 if the price finds support here. This is a good level to consider entering with a confirmation of price stability.
• Target Price: Aim for 195.00 (Resistance) as your first target. If the price breaks this resistance, you can adjust your target to 210.00.
• Stop-Loss: Place a stop-loss below 170.00 to limit your risk in case the price falls further.
2. For Sellers:
• Entry Price: If $SOL struggles to break above 195.00, consider selling.
A rejection at this level could lead to a pullback towards 175.00.
• Target Price: Consider targeting the 175.00 support zone for potential profits.
• Stop-Loss: Place a stop-loss above $200.00 to protect your position in case of a breakout.
The market is unpredictable, so patience and discipline are key.
Trade Smart, Stay Safe!
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