๐ฅ $162K in Longs Just Liquidated at $195.17!
A massive long squeeze just hit $SOL, wiping out leveraged traders and increasing market volatility. This signals strong selling pressure, but could also set the stage for a rebound if buyers step in!
๐ Whatโs Next?
โ Bullish Case: If $SOL holds above $195, we could see a recovery toward $200 - $205.
โ Bearish Case: If selling continues, expect a dip toward $190 - $185, where major support lies.
๐ฏ Trading Strategy:
๐น Long? Wait for strong buying above $195 before entering.
๐น Short? Look for a rejection near $200 for a possible short setup.
โ ๏ธ Risk Management: Stay cautiousโliquidations can trigger sharp moves!
๐ฌ Are you bullish or bearish on $SOL? Letโs discuss below! ๐๐ฅ