🚨 Market Alert: $SOL Liquidated Short of $72.6K at $242 🚨

🔍 What Happened?

A major short liquidation of $72.6K at $242 suggests a shift in market sentiment toward the bulls. Short positions are being closed rapidly, signaling a potential bullish move.

📈 Key Implications:

1️⃣ Short Squeeze Potential: This liquidation could trigger a short squeeze, driving prices higher as shorts rush to cover their positions.

2️⃣ Bullish Momentum: A breakout above $242 might open the door for further upward movement in $SOL.

🎯 Key Levels to Watch:

• Resistance: $250

• If $SOL breaks above this level, the next target could be $275 or higher.

Stay informed and keep an eye on these key levels! 🚀

#SOL #CryptoTrading #MarketUpdate