$SOL 89.3 USDT: The daily candle closed down 6.6%. Longs are putting up fierce resistance, but the price keeps losing steam.

Derivatives data:

• Top Trader L/S: 2.69 (72.9% are holding Long positions).

• Global L/S: 3.65 (78.5% of accounts are piling into Long positions).

• OI: 811.8M USDT remains elevated, and the funding rate is still positive (+0.0016%).

Scenario: Long liquidity is concentrated around 88 USDT. If $BTC there's no bounce, the market maker could easily trigger a liquidation cascade, sweeping down to 85 USDT to flush out leveraged positions. Switch to patience mode—wait for confirmation before buying the dip.

Are you guys holding longs to stop the train, or placing orders and waiting for a wick sweep at 85?

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