$SOL — Liquidation Pressure Building 📊
SOL experienced $52.07K in long liquidations near $97.38, making this level important for monitoring liquidity and potential downside continuation. From a Wyckoff and SMC perspective, watch for signs of absorption around demand and a shift in short-term market structure. A sustained hold could support a recovery, while a decisive breakdown may invite further selling.
Support: $96.00 – $97.00
Resistance: $99.00 – $101.00
Next Target: $103.00 bullish / $94.00 bearish
Buyers need to reclaim resistance with convincing momentum to confirm strength. Until then, downside risk remains active and patience is essential.
Let's go $SOL 🚀
SOL experienced $52.07K in long liquidations near $97.38, making this level important for monitoring liquidity and potential downside continuation. From a Wyckoff and SMC perspective, watch for signs of absorption around demand and a shift in short-term market structure. A sustained hold could support a recovery, while a decisive breakdown may invite further selling.
Support: $96.00 – $97.00
Resistance: $99.00 – $101.00
Next Target: $103.00 bullish / $94.00 bearish
Buyers need to reclaim resistance with convincing momentum to confirm strength. Until then, downside risk remains active and patience is essential.
Let's go $SOL 🚀