A massive liquidation hit the Solana ($SOL) market as a $63.9K long position was wiped out at $140.70. The trader had high hopes for SOL breaking resistance but was caught off guard when the market dipped, triggering the liquidation. This event highlights the volatility of the market and the dangers of leveraged positions, especially with Solana's recent price fluctuations. As SOL sits around $140, uncertainty looms — could this be a shakeout before a breakout, or a sign of further decline? The key takeaway is that risk management is essential to survive in such a volatile market.
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