$SOL Long Liquidation at $186.34 with a volume of $5.4039K indicates a significant movement or stop-loss triggering at this level.

Market Sentiment: The liquidation event suggests potential bearish pressure near $186.34.

What Next.

Analysis.

1. Resistance Level:

The price might face resistance near the $186-$190 range due to the recent liquidation.

2. Support Zone:

If the price continues to drop, the next key support zones to watch will be around $178 and $165. These levels may attract buyers.

3. Price Action:

If the market rebounds, breaking $186.34 with high volume could indicate renewed bullish momentum.

Trading Plan.

Buy Zone:

$175 - $180: A good range to accumulate as this is near potential support.

$165 (if price dips further): Strong support, ideal for long-term positions.

Target Levels.

Target 1: $186 (near liquidation zone, first resistance)

Target 2: $200 (psychological resistance)

Target 3: $215 (long-term bullish breakout level)

Stop-Loss Levels.

Stop-Loss 1: $172 (below immediate support zone)

Stop-Loss 2: $160 (below secondary support at $165)

Risk Management.

Keep your risk-to-reward ratio at least 1:2 or higher.

Avoid over-leveraging; SOL is highly volatile.

Important Notes.

Always monitor market conditions, as sudden events can affect the price.

Keep an eye on Bitcoin’s trend, as it impacts SOL's movement.

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