🔴 $SOL Long Position Liquidated – $13,000 wiped at $174.84 (+0.57%) 💥🔥
The bulls took a hit today as a major long was liquidated near the $175 level. Despite the minor uptick in price, the rejection at resistance proved too strong. ✅
Time Frame - 4 Hour Chart 📉
Momentum faltered, and leveraged positions couldn't survive the squeeze. Solana is now showing signs of indecision around the $174–$176 zone, a key area that traders are watching closely. Volume remains moderate, but volatility is picking up. 📈
The next TP for cautious re-entries sits around $178.60, just below recent rejection points. Break above that, and bulls may reclaim dominance. However, stay alert for fake-outs, especially in this current chop.
Keep your stops tight, manage risk, and don't chase late entries in this zone..!
Buy and Trade Here $SOL