#solana
SOL Market Big News! A major short has just been 'eliminated', signaling potential big moves ahead! Let's take a look at what SOL will do next and what you need to know:
What’s next for SOL? After this short liquidation, SOL seems to have upward momentum. Large funds are quietly positioning themselves, and we small retail investors need to keep a close eye on a few key price levels.
—— Good buying opportunity: $210 to $215, this price level is quite stable, and if the price drops back here, it might be a good chance to enter.
—— Target price levels: First stop $230, second stop $245, third stop $260. These price levels are all tough barriers, especially $245; once we get past this, $SOL might just take off.
—— Stop-loss point: Set at $205, for safety, if it drops below this, it indicates increased risk, and we should exit quickly.
Watch the trading volume: If the buying is strong in the $215 to $220 range, that indicates strong momentum. Keep an eye on BTC and ETH: if the market is stable, $SOL will benefit as well. Don't rush, take your time: after a breakout, there is often a retest; don't rush to enter, wait for confirmation.
—— Risk management: Don't exceed 1-2% of your total funds for each trade, remember to set stop-losses, and don’t let market fluctuations harm you.
In the $SOL market, with the shorts just leaving, opportunities are here, we need to keep our eyes wide open and seize the moment!
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