$SOL Solana Bulls Shaken! $52.3K Long Liquidated at $236.83!

A $52.3K long position just got liquidated at $236.83, as bulls failed to hold the momentum, giving sellers a chance to take control. This sudden flush suggests increased volatility, with traders now watching key support levels.

📉 Market Breakdown:

🔸 The rejection near $240 signals buyer exhaustion.

🔸 If SOL fails to reclaim $238-$240, we could see further downside pressure.

🔸 A drop below $235 might trigger another wave of liquidations, accelerating the decline.

📊 What’s Next for SOL?

✅ Bullish Scenario: If buyers step in and reclaim $238, SOL could attempt another push toward $242-$245.

❌ Bearish Risk: Losing $235 could open the door for a pullback toward $230 or lower.

🎯 Trading Strategy:

🔹 Breakout traders should look for confirmation above $240 before entering.

🔹 Dip buyers can monitor key support zones for a potential reversal.

🔹 Risk management is crucial—liquidations bring increased volatility!

🔥 SOL is at a critical juncture—stay sharp and trade smart!

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