Solana short liquidation ($837k) signals squeeze — watch for follow-through
I observed a large short liquidation on Solana. The reported average liquidation price was $209.3166 for a total size of $837,266.
This size of short squeeze can create immediate upside momentum but is often followed by volatile retracements. I’m watching volume and price behavior around nearby resistance levels to judge follow-through.
Analysis
Recommendation
I would treat this as a trade opportunity: watch for confirmation or a clean pullback to enter with position sizing and tight stops given likely volatility.
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.