🚨 $SOL Short Liquidation Alert 🚨
A massive $19,914 short position on $SOL was liquidated at $195.24, indicating strong bullish momentum and the potential for further upward movement.
This could lead to a sharp price surge as the market absorbs the buying pressure from the liquidation.
Analyzed Trade Plan for $SOL:
Entry Point: $195.50
Target: $205.00 (conservative) / $210.00 (aggressive)
Stop Loss: $190.00
Analysis:
Short liquidations typically trigger a squeeze, pushing prices higher as the market scrambles to cover.
With $SOL showing strong support at current levels, it could test higher resistance levels in the near term.
Watch for volume spikes and continued upward momentum to confirm strength before entering.
Seize the opportunity, stay sharp, and manage your risk effectively.