$SOL Long Liquidation — $4.09K wiped at $86.47
$SOL just triggered a long liquidation at $86.47, shaking out overleveraged buyers and signaling short-term weakness. While the liquidation isn’t massive, it shows that bulls were crowded near this level, and price may now seek to stabilize around key support.
Market Insight:
SOL has been consolidating after a recent uptrend, forming a short-term base between $85–$87. The long liquidation suggests that buyers are taking profits, but as long as $85 holds, the broader bullish structure remains intact. Watch intraday volume and price reaction near support for clues about the next move.
Key Levels:
Support: $85 → $83.50
Resistance: $88 → $91
Targets:
TG1: $88 (first resistance retest)
TG2: $91 (range high)
TG3: $95 (next liquidity pocket)
Market Stats:
Moderate intraday volume spike
Shorts remain contained
Volatility rising after liquidation
Pro Tip:
After a long liquidation, avoid chasing the bounce. Wait for a retest of support or a clean breakout above $88 for safer entries with controlled risk.
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