🚨 $SOLANA BEARS ARE APPLYING PRESSURE! $149K IN LONG POSITIONS JUST GOT LIQUIDATED AT $88.04!
Solana traders have taken another hit as $149K worth of leveraged long positions were wiped out near $88.04. This liquidation suggests buyers are struggling to defend the current price area, putting short-term momentum under pressure.
📊 SOL Market Watch
- Liquidation Event: $149K Longs
- Liquidation Price: $88.04
- Critical Pivot: $88.00
- Resistance Watch: $88.50–$89.00
- Support Watch: $87.50, followed by $86.80
⚔️ What Could Happen Next?
The immediate bias leans bearish while SOL remains below the $88.50–$89.00 resistance zone.
🔻 Bearish Scenario: A decisive break below $87.50 could invite another wave of selling, with $86.80 as the next downside area to monitor.
🟢 Bullish Recovery: If buyers reclaim $88.50 and hold above it, a recovery toward $89.00 becomes possible. Stronger confirmation would require sustained buying pressure.
🎯 Signal Provider's View
My short-term stance is cautious-to-bearish. The $88.04 liquidation adds pressure to an already important price area, but one liquidation event alone does not confirm a trend reversal. Watch the $87.50 support closely before considering the next move.
⚠️ Trade with a defined stop-loss and manage leverage carefully. These are conditional watch levels, not guaranteed targets.
#BitcoinFiveWeeklyLosses #AIChipSlumpNasdaq #TradFiForBeginners #JobsReportRaisesHikeOdds
Solana traders have taken another hit as $149K worth of leveraged long positions were wiped out near $88.04. This liquidation suggests buyers are struggling to defend the current price area, putting short-term momentum under pressure.
📊 SOL Market Watch
- Liquidation Event: $149K Longs
- Liquidation Price: $88.04
- Critical Pivot: $88.00
- Resistance Watch: $88.50–$89.00
- Support Watch: $87.50, followed by $86.80
⚔️ What Could Happen Next?
The immediate bias leans bearish while SOL remains below the $88.50–$89.00 resistance zone.
🔻 Bearish Scenario: A decisive break below $87.50 could invite another wave of selling, with $86.80 as the next downside area to monitor.
🟢 Bullish Recovery: If buyers reclaim $88.50 and hold above it, a recovery toward $89.00 becomes possible. Stronger confirmation would require sustained buying pressure.
🎯 Signal Provider's View
My short-term stance is cautious-to-bearish. The $88.04 liquidation adds pressure to an already important price area, but one liquidation event alone does not confirm a trend reversal. Watch the $87.50 support closely before considering the next move.
⚠️ Trade with a defined stop-loss and manage leverage carefully. These are conditional watch levels, not guaranteed targets.
#BitcoinFiveWeeklyLosses #AIChipSlumpNasdaq #TradFiForBeginners #JobsReportRaisesHikeOdds