$SOL Long Liquidation Alert!
A major $5.25K long position was liquidated on Solana (SOL) at $193.09, signaling heightened volatility and profit-taking pressure in the market.
Market Snapshot:
SOL faced strong rejection around $195, failing to hold above its resistance zone. The next major support sits near $187, while $200 remains the critical resistance level that bulls need to reclaim for momentum recovery.
Trend Insight:
The recent liquidation indicates short-term traders exiting positions amid uncertainty. However, if SOL holds above $187, it could attract fresh buying interest for a potential rebound toward $198–$202.
Trading Strategy:
Buy Entry: Around $187–$189 (if support holds)
Sell/Take Profit: Near $198–$202
Stop-Loss: Below $185
Next Move: Watch how SOL behaves near $187 — a strong bounce could reignite bullish sentiment, but a breakdown may invite deeper correction toward $180.
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