🟢 $SOL SHORT SQUEEZE ALERT — Bulls Are Starting to Fight Back!
Solana has triggered another liquidation event, with $56.7K in short positions wiped out at $90.86. This suggests that bearish traders are facing pressure as buyers attempt to regain control.
📊 Liquidity Breakdown
- Asset: $SOL
- Liquidated Side: Short Positions
- Liquidation Value: $56.7K
- Execution Price: $90.86
🎯 Key Levels to Monitor
- Immediate Resistance: $91.50–$92.20
- Bullish Breakout Zone: $93.00
- Near-Term Support: $89.50–$90.00
- Critical Downside Level: $88.50
🚀 My Market Outlook
I'm leaning cautiously bullish on SOL while price holds above the $90.00 region. A decisive move above $92.20 could attract additional buying pressure and potentially open the way toward $93.00–$95.00.
However, failure to maintain $89.50 could weaken the bullish setup and expose lower support levels.
Trading Strategy: Watch for a confirmed breakout above $92.20 before considering long entries. A rejection near resistance could create another opportunity for sellers.
⚡ Short liquidations are building pressure, but confirmation from price action is essential. The next move could catch overleveraged traders off guard.
#JobsReportRaisesHikeOdds #CanUSStocksReboundAfterNonfarmPayrolls? #USNovemberMichiganExpectationsIndexPrelimAt50.9 #AnthropicIPOValuationDoubts
Solana has triggered another liquidation event, with $56.7K in short positions wiped out at $90.86. This suggests that bearish traders are facing pressure as buyers attempt to regain control.
📊 Liquidity Breakdown
- Asset: $SOL
- Liquidated Side: Short Positions
- Liquidation Value: $56.7K
- Execution Price: $90.86
🎯 Key Levels to Monitor
- Immediate Resistance: $91.50–$92.20
- Bullish Breakout Zone: $93.00
- Near-Term Support: $89.50–$90.00
- Critical Downside Level: $88.50
🚀 My Market Outlook
I'm leaning cautiously bullish on SOL while price holds above the $90.00 region. A decisive move above $92.20 could attract additional buying pressure and potentially open the way toward $93.00–$95.00.
However, failure to maintain $89.50 could weaken the bullish setup and expose lower support levels.
Trading Strategy: Watch for a confirmed breakout above $92.20 before considering long entries. A rejection near resistance could create another opportunity for sellers.
⚡ Short liquidations are building pressure, but confirmation from price action is essential. The next move could catch overleveraged traders off guard.
#JobsReportRaisesHikeOdds #CanUSStocksReboundAfterNonfarmPayrolls? #USNovemberMichiganExpectationsIndexPrelimAt50.9 #AnthropicIPOValuationDoubts