A significant short position in Solana $SOL was liquidated at $198.16, totaling $82.8K.
Support and Resistance Levels:
Resistance:
$201.48 (1st resistance)
$204.85 (2nd resistance)
$207.88 (3rd resistance)
Support:
$195.08 (1st support)
$192.04 (2nd support)
$188.67 (3rd support)
Recommendation:
Given the current price near the first resistance level, it's $SOL prudent to wait for a clear breakout above $201.48 before considering a buy.
If the price fails to break this resistance and starts declining, a sell might be appropriate, targeting the support levels mentioned.
Always conduct thorough research and assess your risk tolerance before making trading decisions.
#MarketRebound #MicroStrategyInNasdaq100 #USUALAnalysis #MicroStrategyInNasdaq100
