SOL Short Squeeze: $50.4K Liquidated at $194.30 — Watch for Momentum
I observed a $50.4K short position in SOL get liquidated at $194.30, indicating shorts were forced to cover.
I view this as a bullish microstructure signal that could add short-term upside, but it’s only one liquidation and not definitive of a sustained trend.
I’m watching price and volume around the $194–$200 area for confirmation before scaling into a larger position.
Analysis
Recommendation
Watch price and volume for confirmation. Consider small entries on pullbacks or wait for a clear breakout above nearby resistance before adding exposure.
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.