This morning $SOL was pretty “busy,” with two clear liquidation sweeps. At 04:15, Longs got swept (-1.45% OI, price -0.85%). By 11:30, Shorts took a hit (-1.82% OI, price +1.20%). 😐
Longs got swept at dawn, and just when things seemed calm, Shorts got hit around midday. OI evaporated in almost equal amounts on both sides, around 1.5–1.8%. Price only jolted within a roughly 1% range. Liquidity on both sides seems to have been “refreshed” a little after these moves. The price swings were relatively small compared with the % of OI lost, suggesting buying and selling pressure wasn’t too dominant after each sweep. The market is still pretty indecisive 📐.
If you’re trading with high leverage, take note: there haven’t been any unusually large sweeps, but even small jolts can still wipe out your account if you don’t manage risk well. Be careful chasing tops or catching falling knives—wait for a clearer trend confirmation 🤓.
Based on these figures, do you think $SOL is about to reverse or keep consolidating? Drop your trade idea in the comments. 👇
#Write2Earn #Altcoin #PriceAction
(DYOR—when it’s your money, the decision is yours)
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Longs got swept at dawn, and just when things seemed calm, Shorts got hit around midday. OI evaporated in almost equal amounts on both sides, around 1.5–1.8%. Price only jolted within a roughly 1% range. Liquidity on both sides seems to have been “refreshed” a little after these moves. The price swings were relatively small compared with the % of OI lost, suggesting buying and selling pressure wasn’t too dominant after each sweep. The market is still pretty indecisive 📐.
If you’re trading with high leverage, take note: there haven’t been any unusually large sweeps, but even small jolts can still wipe out your account if you don’t manage risk well. Be careful chasing tops or catching falling knives—wait for a clearer trend confirmation 🤓.
Based on these figures, do you think $SOL is about to reverse or keep consolidating? Drop your trade idea in the comments. 👇
#Write2Earn #Altcoin #PriceAction
(DYOR—when it’s your money, the decision is yours)
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