Explosion!👀 $6,048,000 worth of short positions were liquidated at $176.05!
Bears have been burned in a massive liquidation of $62,686,508,494 — and this could just be the beginning! Here’s your complete analysis to ride the next wave like a pro:
Technical Analysis - 62,686,508,494
Chart Behavior: The liquidation of short positions at $176.05 indicates a break of key resistance and whale activity. Momentum is increasing for a potential bullish breakout.
Buy Zone (Entry):
$172 - $176
Ideal Accumulation Zone — Strong support forming after the liquidation of short positions.
Target 1: $182
Target 2: $188
Target 3: $198 (If momentum continues, we may even test $205!)
Stop Loss:
$168 (Below the last support area and demand zone; strict risk management)
Increased Volume + Whale Watching: The liquidation at $176.05 indicates that selling pressure has broken — expect buyers to follow the momentum. If SOL remains above $176 for 4 hours, the bulls are in control.
Sentiment Shift: Shorts are bleeding — bulls are dancing.
The next round could be explosive
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