SOL Long Liquidation Signals Bearish Momentum
We were long SOL and our position was liquidated, indicating a sharp downside move in price. The trade averaged 205.07 and the total exposure was $152,904.
This liquidation suggests increased bearish momentum and likely stop-hunting around prior support levels. The bots in @bpay_group were all affected.
I'm avoiding adding new long exposure until SOL shows clear stabilization or a reclaim of key supports; risk is elevated after this forced unwind.
Analysis
Recommendation
Close or avoid long positions for now and wait for confirmation of support recovery before re-entering; consider reducing exposure or using protective stops if you remain invested.
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.