buy on weakness

Solana Short Liquidated at $187.97 Suggests Short-Squeeze Upside

I recorded a $26.6K short liquidation on Solana (SOL) at $187.97. That forced buy suggests buyers pushed price through short-stop levels.

I view this as a bullish micro-event: it points to short-covering and rising momentum, but it is not definitive without follow-through in volume and price action.

I will watch for confirmation or a controlled pullback to enter; risk-manage size and place stops below recent support if I trade it.

Source available for registered users Sign Up Free

Analysis

A $26.6K short liquidation at $187.97 creates upward pressure through forced buys and may trigger additional short-covering. The move is bullish in the near term but needs volume-confirmation and foll...

Recommendation

I recommend buying on weakness rather than chasing this spike: wait for a pullback to a logical support or confirmation breakout on increased volume, keep position size modest, and use a clear stop-lo...

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.

You might also be interested in: