Large $241K Solana Long Liquidated at $190.70 — Short-Term Bearish Signal
I noticed a $241K long in Solana was liquidated at $190.70. I view that as a clear sign that recent leveraged longs were overstretched and sellers forced a stop cascade.
That liquidation likely increased short-term downward pressure and volatility around the $190 level. I expect SOL to face resistance near that price until buyers absorb the remaining selling.
Analysis
Recommendation
I would avoid starting new long positions for now and consider reducing exposure until SOL shows consolidation or reclaims the $190–$200 area; use tight stops if trading the move.
Disclaimer
The Analysis and recommendations provided are for informational purposes only. Any investment decisions should be made at your own risk. Past performance is not indicative of future results. Always conduct your own research and consider consulting with a financial advisor before making any investment decisions.