Solana Long Liquidated at $185.67 — Expect Short-Term Pressure
I had a leveraged long in Solana that was liquidated — $68.5K closed at $185.67.
The forced exit highlights aggressive selling and elevated volatility around current levels; it looks like stops were collected near $185.
I'm cautious now and will avoid adding long exposure until SOL establishes clear support or shows a convincing rebound with volume.
Analysis
The liquidation of a large leveraged long at $185.67 indicates stop-run selling and trader stress; absent quick recovery or strong on-chain/volume signals, SOL is vulnerable to further downside tests.
Recommendation
Reduce or exit long exposure and lower leverage. Do not initiate new longs until clear support or a measured rebound appears; consider selling into strength or waiting for 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.