strong correction 😑 yes it rose 19% last week 🙄 but well, let's wait for my short at 204 -208
This is not financial advice xD
Saad Prince Brand
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Solana Crash: $213 → $198 — Can the $195 Support Hold?
#Solana ($SOL ) just faced a sharp correction. After touching highs of $213, the price plunged to $198 within hours — a move that suggests more than a simple pullback. This may be the start of a momentum shift. 🔎 What Triggered the Drop? $210 Support Broken – A large $8M sell order wiped out buyer strength.Liquidity Faded – Buy walls near $200 collapsed by nearly half within minutes.Trend Reversal – The 50-Day MA around $200 gave way, signaling a clear bearish tone. ⚡ Key Price Levels $195 – Crucial Support: If it holds, a bounce back toward $202 is possible. If it fails, the next zone is $190–185.$197–199 – Entry Zone: Only valid if sideways movement forms with volume recovery.$205 – Resistance: Former support now flipped into strong resistance. 🚫 Common Mistakes to Avoid Buying blindly at $198 – Risk of catching a falling knife.Panic selling under $200 – Could be a fake-out; wait for confirmation with volume. ✅ Trading Strategy Holders above $200: Keep stop-loss around $194–196. Avoid targeting $205 without confirmation.Sideline traders: Stay in cash until the market provides clear signals.Bottom fishers: Consider a small entry near $198, with a stop at $193 and TP around $202–205.
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