Solana $264K Short Liquidated at $191.52 — Short-Squeeze Signal
I noticed a $264,000 short on Solana was liquidated at $191.52, which means short sellers were forced out at that price.
I view this as a short-squeeze signal that can create near-term upward momentum, though the liquidation size is modest relative to overall market liquidity.
I will watch volume and follow-through above resistance before treating this as a sustained bullish signal.
Analysis
Recommendation
Watch price and volume closely; consider buying on weakness into confirmed support or after a decisive breakout with volume, rather than chasing the immediate move.
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.