🐻 $SOLANA UNDER SELLING ATTACK! — $98.3K LONG POSITIONS ERASED
Solana bulls are facing another uncomfortable shakeout! Nearly $98,300 in leveraged long positions have been liquidated at $88.94, putting the spotlight on whether buyers can defend the current price region.
🔴 LIQUIDATION BREAKDOWN
- Asset: $SOL (Solana)
- Liquidated Side: Long
- Total Value: $98,300
- Liquidation Price: $88.94
📉 WHAT'S THE BIGGER PICTURE?
This liquidation suggests that bullish leverage was caught in the downward move. If selling pressure persists, forced closures could create additional downside momentum. Bulls need to respond before sellers gain further control.
📍 SOLANA'S KEY BATTLE ZONES
- Liquidation reference: $88.94
- Immediate resistance: $89.80
- Major resistance: $90.80
- First support: $88.20
- Lower support: $87.00
⚡ MY MARKET CALL — WHAT COMES NEXT?
My short-term outlook is cautiously bearish while SOL trades below $89.80.
🔴 Bearish route: A confirmed breakdown below $88.20 could expose $87.00.
🟢 Bullish comeback: If buyers reclaim $89.80 and hold above it, SOL could attempt a recovery toward $90.80.
🎯 PRO TRADING PLAN: Avoid blindly buying the dip. Watch for a clear support reaction or a confirmed resistance breakout before considering an entry.
THE TAKEAWAY: The $88.20 level is worth watching closely. If buyers fail to defend it, another liquidity sweep could follow.
#JobsReportRaisesHikeOdds #CPITestsDecemberRateOutlook #WillAnthropicListOnTime #TradFiForBeginners #HKSFCToExpandRestrictedTitlesList
Solana bulls are facing another uncomfortable shakeout! Nearly $98,300 in leveraged long positions have been liquidated at $88.94, putting the spotlight on whether buyers can defend the current price region.
🔴 LIQUIDATION BREAKDOWN
- Asset: $SOL (Solana)
- Liquidated Side: Long
- Total Value: $98,300
- Liquidation Price: $88.94
📉 WHAT'S THE BIGGER PICTURE?
This liquidation suggests that bullish leverage was caught in the downward move. If selling pressure persists, forced closures could create additional downside momentum. Bulls need to respond before sellers gain further control.
📍 SOLANA'S KEY BATTLE ZONES
- Liquidation reference: $88.94
- Immediate resistance: $89.80
- Major resistance: $90.80
- First support: $88.20
- Lower support: $87.00
⚡ MY MARKET CALL — WHAT COMES NEXT?
My short-term outlook is cautiously bearish while SOL trades below $89.80.
🔴 Bearish route: A confirmed breakdown below $88.20 could expose $87.00.
🟢 Bullish comeback: If buyers reclaim $89.80 and hold above it, SOL could attempt a recovery toward $90.80.
🎯 PRO TRADING PLAN: Avoid blindly buying the dip. Watch for a clear support reaction or a confirmed resistance breakout before considering an entry.
THE TAKEAWAY: The $88.20 level is worth watching closely. If buyers fail to defend it, another liquidity sweep could follow.
#JobsReportRaisesHikeOdds #CPITestsDecemberRateOutlook #WillAnthropicListOnTime #TradFiForBeginners #HKSFCToExpandRestrictedTitlesList