$SOL Longs Liquidated at $169.09: Bulls Shaken

A massive $73.6K $SOL long position was liquidated at $169.09, sparking concerns about short-term market direction. Solana ($SOL) experienced a sharp dip, breaking through local support and triggering leveraged long liquidations.

Current Market Conditions:

Price Zone: $169

Sentiment: Short-term bearish

Next Step: Watch for reaction zone

Market Insight:

The sudden liquidation hints at weak hands being wiped out. If $SOL fails to reclaim $170 quickly, it may face further stop hunts and downward pressure.

Trading Opportunity:

Consider buying and trading SOL spot, but exercise caution given current market volatility.

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