Solana Short Liquidation at $188 Signals Near-Term Bullish Pressure
I noticed a sizable short liquidation in Solana — $81.6K was forced out at $188.49. That kind of squeeze typically creates short-term bullish momentum as short sellers are crowded out.
I would watch price action and volume closely for follow-through above the liquidation level before committing more capital. A sustained move higher would confirm reduced downside pressure.
Analysis
Recommendation
I would consider buying only after clear follow-through above the liquidation level or on a clean retest with lower risk; otherwise monitor volume and price structure for confirmation before entering.
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.