$SOL LONG LIQUIDATION ALERT
$SOL just recorded a $12.21K long liquidation at $120.77 on Binance, showing leveraged buyers were flushed as SOL came under selling pressure.
š Bias: Bearish Below $122.50
š KEY LEVELS
Resistance: $122.50 / $125.00
Support: $120.00 / $117.50
ā” ACTIONABLE TRADE SETUP ā Example
Short Trigger: SOL breaks below $120.00 and confirms the breakdown.
Entry: $119.70ā$120.00
Stop Loss: $122.80
TP1: $117.50
TP2: $115.00
TP3: $112.00
Invalidation: A strong reclaim above $122.50 weakens the bearish setup.
š MARKET INSIGHT
The $12.21K long liquidation at $120.77 shows buyers are under pressure.
If $120.00 breaks with strong selling volume, $SOL could accelerate toward $117.50.
But if bulls reclaim $122.50, the liquidation may turn into a short-term shakeout and recovery could begin.
#CircleMints500MUSDCOnSolana #PolymarketBankFailureBetsDrawFDICConcern #BlackRockBuildsTokenizedPortfoliosForOndo #sol #TradeBeacon
$SOL just recorded a $12.21K long liquidation at $120.77 on Binance, showing leveraged buyers were flushed as SOL came under selling pressure.
š Bias: Bearish Below $122.50
š KEY LEVELS
Resistance: $122.50 / $125.00
Support: $120.00 / $117.50
ā” ACTIONABLE TRADE SETUP ā Example
Short Trigger: SOL breaks below $120.00 and confirms the breakdown.
Entry: $119.70ā$120.00
Stop Loss: $122.80
TP1: $117.50
TP2: $115.00
TP3: $112.00
Invalidation: A strong reclaim above $122.50 weakens the bearish setup.
š MARKET INSIGHT
The $12.21K long liquidation at $120.77 shows buyers are under pressure.
If $120.00 breaks with strong selling volume, $SOL could accelerate toward $117.50.
But if bulls reclaim $122.50, the liquidation may turn into a short-term shakeout and recovery could begin.
#CircleMints500MUSDCOnSolana #PolymarketBankFailureBetsDrawFDICConcern #BlackRockBuildsTokenizedPortfoliosForOndo #sol #TradeBeacon