Guys, I’m going to open a BIG LONG on $SOL here. 👀
TP: $92.95
SL: $89.75 👇🏻
Look at the chart, $SOL has been dumping for hours, and I know most people are scared to buy right now. But look at what just happened around $90. Price dropped below that level and quickly bounced back, which tells me buyers are starting to react.
Now the interesting part is the massive short-side liquidity sitting above. If $SOL holds this area and starts moving higher, those late short sellers could get trapped, and we might see a pretty aggressive short squeeze toward $93.
That's why I'm taking this long even while the market looks bearish. I'm not expecting a full recovery overnight, just a strong bounce that could catch everyone shorting the bottom by surprise.
Let's see if SOL turns all this panic into a nice green candle.
TP: $92.95
SL: $89.75 👇🏻
Look at the chart, $SOL has been dumping for hours, and I know most people are scared to buy right now. But look at what just happened around $90. Price dropped below that level and quickly bounced back, which tells me buyers are starting to react.
Now the interesting part is the massive short-side liquidity sitting above. If $SOL holds this area and starts moving higher, those late short sellers could get trapped, and we might see a pretty aggressive short squeeze toward $93.
That's why I'm taking this long even while the market looks bearish. I'm not expecting a full recovery overnight, just a strong bounce that could catch everyone shorting the bottom by surprise.
Let's see if SOL turns all this panic into a nice green candle.
