SHORT LIQUIDATION ALERT! $SOL Breaks $119.38 – $101K WIPED OUT!

Solana just liquidated $101K in short positions at $119.38! This signals strong buying pressure—but is this a breakout or just a short squeeze?

What Does This Short Liquidation Mean?

Bears Forced to Buy Back:

Traders who bet against $SOL had to close their positions as the price pushed higher.

This created automatic buy orders, fueling a stronger rally.

Whale Activity?

Big players might have pushed $SOL up to liquidate shorts and gain control.

If whales keep buying, SOL could surge past $120+.

Technical Breakout?

$119.38 is a key level—holding above it could trigger more gains.

Key resistance: $121 – $125.

Key support: $117 – $115.

Bullish Sentiment Building?

Liquidating shorts often signals strong momentum.

If buyers stay in control, SOL could keep climbing.

What’s Next for Solana?

✅ Potential Upside Continuation:

If SOL stays above $119.38, we might see a push toward $122 – $125.

High trading volume would confirm bullish momentum.

Risk of a Fake Pump:

If SOL fails to hold $119, it could drop back to $117 or lower.

Weak volume could mean this is just a short squeeze, not a breakout.

Trading Strategy – What Should You Do?

🔹 For Short-Term Traders:

Look for a breakout confirmation above $120 before entering longs.

If SOL dips, a quick pullback trade might be profitable.

🔹 For Long-Term Holders:

If you believe in Solana’s long-term potential, this bullish move is a positive sign.

Consider adding to your position on dips or after confirmation.

🔹 For Short Sellers:

Be cautious—short liquidations mean bulls are gaining control.

If SOL keeps rising, it might be better to wait for a higher short entry.

Final Thoughts – Bullish Surge or Short Squeeze Trap?

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