Solana Long Liquidated: Avoid New Longs After $200 Avg Entry
I had a long on Solana (SOL) that was liquidated. My average entry was $200.8223 and the position size was $196,701.
The liquidation shows heavy bearish pressure and a stop cascade around my entry zone. This trade wiped out a large leveraged position and signals elevated volatility and downside risk near current levels.
Mind yourself — I’m staying out for now and would avoid initiating new longs until the market stabilizes or clear support is re-established.
Analysis
Recommendation
Do not buy right now. Wait for confirmed support or a clear reversal signal, or use very tight risk controls if trading; consider reducing exposure until volatility subsides.
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.