🔴 SOL just saw a $341K long position wiped out at $111.73 — a sharp leverage flush that puts this level firmly on the radar.
📍 Liquidation Zone: $111.73
⚠️ Key Support: $111–$113
🎯 Recovery Trigger: $117+
🚀 Upside Watch: $119–$121
SOL is currently dealing with short-term selling pressure, and recent market data shows the broader correction has pushed SOL lower as leveraged positions get cleared. �
tradingkey.com +1
My view: $111–$113 is the decision zone. If SOL holds this area and reclaims $117, buyers could attempt a move toward $119–$121. A clean break below $111 would weaken the setup and expose deeper downside.
Signal bias: Wait for confirmation — bullish only above $117; bearish below $111.
Risk remains high around liquidation zones. Manage leverage carefully.
#IMFSaysTokenizedMarketsSmall #FedMinutesFocusOnOctoberPause #FrenchHillUrgesCLARITYActPassageInLameDuck #FrenchHillUrgesCLARITYActPassageInLameDuck #BinanceLaunchesBinanceIntelligence
📍 Liquidation Zone: $111.73
⚠️ Key Support: $111–$113
🎯 Recovery Trigger: $117+
🚀 Upside Watch: $119–$121
SOL is currently dealing with short-term selling pressure, and recent market data shows the broader correction has pushed SOL lower as leveraged positions get cleared. �
tradingkey.com +1
My view: $111–$113 is the decision zone. If SOL holds this area and reclaims $117, buyers could attempt a move toward $119–$121. A clean break below $111 would weaken the setup and expose deeper downside.
Signal bias: Wait for confirmation — bullish only above $117; bearish below $111.
Risk remains high around liquidation zones. Manage leverage carefully.
#IMFSaysTokenizedMarketsSmall #FedMinutesFocusOnOctoberPause #FrenchHillUrgesCLARITYActPassageInLameDuck #FrenchHillUrgesCLARITYActPassageInLameDuck #BinanceLaunchesBinanceIntelligence