Solana $164K Short Liquidation at $193 Signals Short-Squeeze Upside
I noticed a large short liquidation on Solana: about $164,000 of short positions were closed at $193.14. Forced buy orders like this can create immediate upward momentum.
I view the event as a bullish signal but not a definitive trend reversal. I want to see follow-through in volume and price structure before committing more capital.
Analysis
Recommendation
Monitor follow-through and volume closely. Consider buying on weakness or taking a partial position if support forms and momentum continues; avoid chasing a spike without confirmation.
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.