Solana long liquidated at $185.76 signals short-term weakness
I noticed a large SOL long got liquidated — $104K closed at $185.76. That removal of leverage likely hit stops and amplified the move down.
I read this as a sign of short-term weakness and elevated volatility around the $185 area. It suggests bullish momentum failed to sustain and liquidity was swept.
I’m being cautious: I’ll wait for clearer support or a clean reclaim of prior highs before adding exposure, and I’d tighten stops if I remain long.
Analysis
Recommendation
Do not add size now — wait for price to stabilize and confirm support or a clear breakout; if already long, consider reducing exposure or tightening stops.
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.