⚠️ **$SOLANA SELLING PRESSURE RETURNS — $118K IN LONGS ERASED!**
Solana bulls are facing another uncomfortable session. A $118K long liquidation at $87.81 shows that leveraged buyers are getting squeezed as sellers challenge the lower price zone.
The important battle now is whether SOL can defend its support or whether another downside liquidity grab is approaching.
📊 **Liquidation Intelligence**
- Coin: Solana (SOL)
- Liquidated Side: Long
- Total Wiped Out: $118,000
- Liquidation Price: $87.81
🎯 **SOL Price Roadmap**
- Resistance 1: $89.00
- Resistance 2: $90.50
- Bullish Target: $92.00
- Immediate Support: $87.00
- Breakdown Zone: $85.50–$84.00
📉 **My Technical Outlook**
SOL has a cautious bearish bias while trading below $89.00.
🔻 If $87.00 breaks with strong selling volume, SOL could extend its decline toward $85.50 and potentially $84.00.
🔺 If buyers reclaim $89.00 and establish support above it, a recovery toward $90.50–$92.00 becomes possible.
**TRADE PLAN**
- Short Setup: Confirmed rejection below $89.00.
- Downside Targets: $85.50 → $84.00.
- Bullish Invalidation: Sustained recovery above $90.50.
🔥 **Final Verdict:** Bears have the immediate advantage, but watch the $87 support carefully. A breakdown could accelerate the selling pressure, while a strong bounce may trap late short sellers.
Stay disciplined. Let price action confirm the next move.
#AIChipSlumpNasdaq #AIChipSlumpNasdaq #TradFiForBeginners #JobsReportRaisesHikeOdds #CPITestsDecemberRateOutlook
Solana bulls are facing another uncomfortable session. A $118K long liquidation at $87.81 shows that leveraged buyers are getting squeezed as sellers challenge the lower price zone.
The important battle now is whether SOL can defend its support or whether another downside liquidity grab is approaching.
📊 **Liquidation Intelligence**
- Coin: Solana (SOL)
- Liquidated Side: Long
- Total Wiped Out: $118,000
- Liquidation Price: $87.81
🎯 **SOL Price Roadmap**
- Resistance 1: $89.00
- Resistance 2: $90.50
- Bullish Target: $92.00
- Immediate Support: $87.00
- Breakdown Zone: $85.50–$84.00
📉 **My Technical Outlook**
SOL has a cautious bearish bias while trading below $89.00.
🔻 If $87.00 breaks with strong selling volume, SOL could extend its decline toward $85.50 and potentially $84.00.
🔺 If buyers reclaim $89.00 and establish support above it, a recovery toward $90.50–$92.00 becomes possible.
**TRADE PLAN**
- Short Setup: Confirmed rejection below $89.00.
- Downside Targets: $85.50 → $84.00.
- Bullish Invalidation: Sustained recovery above $90.50.
🔥 **Final Verdict:** Bears have the immediate advantage, but watch the $87 support carefully. A breakdown could accelerate the selling pressure, while a strong bounce may trap late short sellers.
Stay disciplined. Let price action confirm the next move.
#AIChipSlumpNasdaq #AIChipSlumpNasdaq #TradFiForBeginners #JobsReportRaisesHikeOdds #CPITestsDecemberRateOutlook