$SOL Long Liquidation Hits $98.4K at $226.32
A $98.4K long position on Solana ($SOL ) was wiped out at $226.32, signaling increased pressure on the bulls.
This liquidation highlights weakness in buyer momentum and could open the door for more downside action.
Market Dynamics:
The sharp liquidation suggests that buyers failed to defend a key level, giving sellers an advantage.
Volatility may increase as traders react to this breakdown.
What’s Next for $SOL ?
• Downside Risk: If SOL loses the $225 mark, it may slide toward the $220-$222 region.
• Upside Recovery: A quick bounce above $230 could reignite bullish interest and attract fresh buyers.
Trading Perspective:
Short-term traders might look for scalping opportunities during intraday volatility.
Swing traders should wait for a clear trend to form before entering,
keeping an eye on how SOL reacts around major levels.
Stay focused—this is a critical juncture for SOL,
and the next move could define its trend!
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