Solana Long Liquidated at $185.67 — Short-Term Bearish Signal
I had a SOL long position liquidated — $68.5K closed at $185.67. The forced exit indicates strong short-term selling pressure and elevated volatility around this level.
I view this as a liquidity-driven stop run; price may continue to decline or chop as leveraged positions unwind. I won’t add new longs until I see a confirmed support or a clean retest with lower leverage.
I’ll reassess after stabilization or a clear rebound and will use defined stop-losses and reduced position sizes if I re-enter.
Analysis
Liquidation of a sizable $68.5K long at $185.67 points to a stop-run and liquidity grab; expect increased volatility and potential further downside until clear buying interest or support emerges.
Recommendation
Recommend avoiding new long entries or reducing exposure; consider selling or staying sidelined until price stabilizes and confirms support, and use tight stops and lower leverage if trading.
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.