$SOL Soars: $2.2537K Short Liquidation at $204.88!
A $2.2537K short position was liquidated at $204.88, showcasing the power of $SOL bullish momentum.
This liquidation highlights intensified buying pressure as bears are forced out, pushing the market higher.
Key Details:
Liquidated Amount: $2.2537K
Liquidation Price: $204.88
Market Context: Short squeezes like this often lead to accelerated upward moves, as sellers struggle to maintain their positions against strong buyers.
Next Move:
For Bulls: Momentum is on your side. If $204.88 holds as support, a breakout above $210 could be next.
Look for further resistance levels around $215-$220.
For Bears: Wait for signs of exhaustion or a failed breakout near $210 before considering re-entry.
Reclaiming $200 could signal a bearish reversal.
Risk Management: Tighten stops to lock in profits or minimize losses in this volatile environment.
The $204.88 level has become a key marker—will bulls continue to dominate, or will bears stage a comeback? Stay alert!