A massive $117K long liquidation just hit $SOL at $189.21, sending shockwaves through the market!
Entry Point:
$189.21 (Current price level after liquidation hit)
Target:
$200.00 (Key resistance level to watch for potential upward movement)
Stop Loss:
$185.00 (Critical support level—breach could signal further downside)
With $SOL facing a volatile shift, traders should stay alert. A bounce from $189.21 towards the $200.00 target could signal a strong recovery.
However, if $SOL breaks below $185.00, it may open the door to further declines. Manage your risk carefully as SOL moves through these turbulent conditions!