🐻 $SOLANA BULLS JUST GOT HIT HARD! $132K IN LONG POSITIONS WIPED OUT AT $88.97! 🔴
A major shakeout has struck the SOL market! $132,000 in leveraged long positions were liquidated around $88.97. This puts buyers under pressure and raises the possibility of another bearish move if support fails to hold.
📊 SOL Liquidation Breakdown
- Asset: $SOL (Solana)
- Event: Long Liquidation
- Total Liquidated: $132,000
- Liquidation Price: $88.97
⚔️ The Battle for SOL's Next Direction
- $88.97 — Critical Recovery Zone: Bulls need to reclaim this level to regain short-term control.
- Bearish Continuation: Remaining below $88.97 could keep sellers in the driver's seat.
- Downside Trigger: A confirmed break below nearby support with strong volume may accelerate the decline.
- Bullish Reversal: A decisive reclaim of $88.97 could attract fresh buyers and create a relief-rally opportunity.
🎯 My SOL Trading Outlook
I'm leaning cautiously bearish in the short term while SOL struggles below $88.97. The latest liquidation highlights weakness among leveraged buyers, making another support test a scenario worth watching.
Smart Entry Plan: Look for a failed recovery near $88.97 before considering a short setup. If SOL reclaims and holds above this level, the bearish thesis needs reassessment.
#CanUSStocksReboundAfterNonfarmPayrolls? #BinanceReopensWithdrawalsForMoreAssets #Nasdaq100FuturesRise1.4% #AnthropicIPOValuationDoubts #USMidtermsCouldShakeUpUS-IranTies
A major shakeout has struck the SOL market! $132,000 in leveraged long positions were liquidated around $88.97. This puts buyers under pressure and raises the possibility of another bearish move if support fails to hold.
📊 SOL Liquidation Breakdown
- Asset: $SOL (Solana)
- Event: Long Liquidation
- Total Liquidated: $132,000
- Liquidation Price: $88.97
⚔️ The Battle for SOL's Next Direction
- $88.97 — Critical Recovery Zone: Bulls need to reclaim this level to regain short-term control.
- Bearish Continuation: Remaining below $88.97 could keep sellers in the driver's seat.
- Downside Trigger: A confirmed break below nearby support with strong volume may accelerate the decline.
- Bullish Reversal: A decisive reclaim of $88.97 could attract fresh buyers and create a relief-rally opportunity.
🎯 My SOL Trading Outlook
I'm leaning cautiously bearish in the short term while SOL struggles below $88.97. The latest liquidation highlights weakness among leveraged buyers, making another support test a scenario worth watching.
Smart Entry Plan: Look for a failed recovery near $88.97 before considering a short setup. If SOL reclaims and holds above this level, the bearish thesis needs reassessment.
#CanUSStocksReboundAfterNonfarmPayrolls? #BinanceReopensWithdrawalsForMoreAssets #Nasdaq100FuturesRise1.4% #AnthropicIPOValuationDoubts #USMidtermsCouldShakeUpUS-IranTies