$SOL Liquidation Alert!
A massive $84K long position was liquidated at $247.85, sparking a quick downturn. This event could signal a bigger pullback or a shift in market sentiment.
What Happened:
The liquidation at $247.85 indicates that large positions were forced out, suggesting a potential exhaustion in buying pressure. When big positions are liquidated, it often triggers further selling, pushing the price down.
What’s Next for $SOL
Support to Watch: The first major support level is $240. If it holds, SOL could bounce back. If it falls below, the next level to watch is $230.
Resistance Levels: $247.85 is the immediate resistance level. If SOL can reclaim this level, it could test $255 or higher.
Key Details:
Liquidation Size: $84K
Liquidation Price: $247.85
Immediate Support: $240
Next Support: $230
Resistance Level: $247.85
Watch the $240 level carefully. If it holds strong, there might be a chance for recovery, but if it breaks, $230 could be the next target.
If you're considering entering, wait for signs of stabilization before making a move. Volatility could remain high after such a big liquidation.
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