Solana Long Liquidated at $190.70 — Overleverage Warning
I held a long in Solana (SOL) that was liquidated for $241K at $190.70. The position blowup reflects either excessive leverage or a rapid downside move in SOL.
This forced exit signals elevated short-term volatility and poor risk sizing on that trade. I'm stepping back to reassess risk management and entry criteria before scaling back in.
Analysis
Recommendation
Do not reenter with high leverage. Reduce exposure or sit on the sidelines until SOL shows consolidation or clear support; if still holding, trim position and use strict 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.