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SOL

Solana $241K Long Liquidated at $190.70 — Short-Term Bearish Signal

I noticed a $241K long on Solana was liquidated at $190.70, which flags significant short-term selling pressure around that level.

I’m cautious now: the forced exit likely intensified downside momentum and left resistance near $191, so I won’t add fresh longs until price action shows clear support or a clean reversal.

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Analysis

The large liquidation implies stop-loss cascades and short-term momentum to the downside; orderflow likely created resistance near $190–191 and raises the risk of further volatility until buyers re-es...

Recommendation

Don't buy for now — monitor price stability and volume for confirmed support or a retracement with lower volatility; holders should consider tightening risk controls.

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.

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