$SOL Traders Caught in the Fire! ๐
๐ฅ $SOL Short Liquidation: $7.3845K at $203.43 ๐ฅ
The Solana battlefield just witnessed another short squeeze, as nearly $7.4K worth of shorts were liquidated when SOL burst above the $203.43 level. Bears betting against Solana got trapped, fueling a rapid upward push.
๐ฅ What This Means:
Shorts have been forced out, handing control back to bulls in the short-term.
$203 is now a critical pivot zone โ flipping this into strong support could unlock higher targets.
Solanaโs strong market structure signals growing momentum, and liquidations like these often spark chain reactions.
๐ Key Levels to Watch:
Immediate Resistance: $206โ$210 (a breakout here can accelerate upside).
Support Zone: $200โ$203 (holding above keeps bulls in control).
Next Liquidity Pool: $215+ (where more shorts may get trapped).
โ๏ธ Next Move?
If bulls defend $203, expect another leg up with momentum-driven buyers piling in.
A failure to hold could see a pullback toward $198โ$200, offering re-entry opportunities.
Traders should be on alert โ Solana thrives on volatility, and liquidations are fueling the next big move.
๐ Strategy:
Bullish bias: Ride the breakout if $203 holds, targeting $210+.
Cautious traders: Wait for a confirmed retest of support before positioning.
Aggressive players: Look for momentum scalps around breakout levels.
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