$SOL Long Liquidation Alert:
A long liquidation of $7,462.70 occurred at $233.21, signaling strong selling pressure in the market.
Key Insights:
Bulls failed to defend key levels, forcing long positions to liquidate.
This may indicate further bearish momentum unless buyers step in near critical support zones.
What’s Next?
Support Zone: Watch $230. If $SOL breaks below this level, it could drop toward $225 or lower.
Resistance Zone: Recovery above $235 is essential to regain bullish momentum.
Next Move:
For bears: If SOL breaks $230, consider shorting with a target near $225, but set a tight stop-loss.
For bulls: Wait for $SOL to reclaim $235 with strong volume before considering long positions.
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