$SOL Short Liquidation Signal
For Solana, a short liquidation squeeze occurred around $122.48, and entering at $122.80 could allow traders to target a move down to $119.50 and $115.00. The stop loss is recommended at $125.00 to protect against a reversal. Given the current liquidation tape, there is a high probability of a pullback towards these lower levels. However, it's crucial to remain cautious of any positive news or developments in the Solana ecosystem that could shift the trend. Traders should also focus on maintaining a risk-to-reward ratio of at least 1:2, ensuring proper risk management while aiming for the mentioned targets. Keep an eye on broader market sentiment to gauge whether the bearish trend holds.
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