SOL Short Liquidation Signals Near-Term Bullish Pressure
I was liquidated on a $26,000 short in Solana at $197.89. That forced buy-side pressure likely contributed to a short squeeze around that level.
I view this as a near-term bullish indicator but not a guarantee of sustained upside — the move reduces immediate short interest but volatility and resistance remain.
Analysis
Recommendation
I recommend monitoring price action and volume around the liquidation level; consider waiting for a clear breakout or buying on a confirmed pullback rather than initiating a full position immediately.
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.