🔴 SOL UNDER HEAVY SELLING PRESSURE — $975K LONG LIQUIDATED! ⚠️
Solana bulls just took a major hit as $975,000 in long positions were liquidated at $103.87. This significant liquidation event puts the spotlight on whether SOL can stabilize or face another wave of downside pressure.
📍 Critical Price: $103.87
💥 Liquidation Volume: $975,000 in longs
🐻 Immediate Bias: Bearish until buyers reclaim key resistance.
🎯 What Comes Next?
If SOL struggles to recover above $103.87, sellers could maintain control and push price toward the $102.00–$101.00 zone. A deeper breakdown could expose the $100 psychological level.
On the flip side, a strong reclaim of $104.00–$105.00, supported by buying volume, could trigger a relief bounce and force short sellers to reconsider their positions.
📊 Professional Signal View
Bearish continuation: SOL fails to reclaim $104–$105.
Bullish recovery: Price regains $105 with convincing momentum.
Key watchpoint: Whether buyers defend the $101–$102 area.
🔥 My Take: The immediate bias favors downside caution. I would wait for confirmation rather than blindly buying the dip after such a large long liquidation.
⚠️ Risk Disclaimer: Liquidations alone do not confirm the next move. Use proper risk management and wait for price-action confirmation before entering a trade.
#EarningsSeason #CFTCSeeksCommentOnRetailDigitalAssetFramework #SwitzerlandApprovesFirstBitcoinETF #SkyAISellsAllSOLAndLaunchesCashTenderOffer
Solana bulls just took a major hit as $975,000 in long positions were liquidated at $103.87. This significant liquidation event puts the spotlight on whether SOL can stabilize or face another wave of downside pressure.
📍 Critical Price: $103.87
💥 Liquidation Volume: $975,000 in longs
🐻 Immediate Bias: Bearish until buyers reclaim key resistance.
🎯 What Comes Next?
If SOL struggles to recover above $103.87, sellers could maintain control and push price toward the $102.00–$101.00 zone. A deeper breakdown could expose the $100 psychological level.
On the flip side, a strong reclaim of $104.00–$105.00, supported by buying volume, could trigger a relief bounce and force short sellers to reconsider their positions.
📊 Professional Signal View
Bearish continuation: SOL fails to reclaim $104–$105.
Bullish recovery: Price regains $105 with convincing momentum.
Key watchpoint: Whether buyers defend the $101–$102 area.
🔥 My Take: The immediate bias favors downside caution. I would wait for confirmation rather than blindly buying the dip after such a large long liquidation.
⚠️ Risk Disclaimer: Liquidations alone do not confirm the next move. Use proper risk management and wait for price-action confirmation before entering a trade.
#EarningsSeason #CFTCSeeksCommentOnRetailDigitalAssetFramework #SwitzerlandApprovesFirstBitcoinETF #SkyAISellsAllSOLAndLaunchesCashTenderOffer