Solana ($SOL ) Short Liquidation: $103K at $216.29!
The Solana market just witnessed a significant move as $103K in short positions got liquidated at $216.29. This highlights the growing strength of $SOL bulls, as the price continues to climb.
Could this be the start of a bigger rally? Let’s dive into the details!
What’s Happening?
1. Short Squeeze: Bears are losing ground as liquidations force more buying pressure.
2. Bullish Momentum: $SOL is gaining traction, backed by strong volume and market interest.
3. Key Milestone: Breaking above $216.29 shows the bulls are determined to push higher.
Key Levels to Watch
Buy Zone: $213.50 - $216.00
This range offers a potential entry for buyers looking to join the rally.
Target Levels:
Target 1: $220 (Immediate resistance)
Target 2: $230 (Key breakout level)
Target 3: $250 (Major psychological resistance)
Stop Loss: $210.50
*Set your stop loss below the buy zone to