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SOL

Solana Short Liquidation at $189 Signals Short-Squeeze, Watch for Follow-Through

I note a $120,000 short position on Solana was liquidated at $189.22, which indicates short-covering and temporary buying pressure around that level. I view this as a constructive technical signal but not definitive proof of a sustained uptrend.

I'll watch for follow-through volume, candle structure, and whether price holds above recent support before increasing exposure. One-off liquidations can spark momentum, but I want confirmation before treating it as a clear buy signal.

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Analysis

The liquidation suggests short-sellers were forced out, creating a short-term bullish impulse. However, it's a single liquidity event — without sustained volume or a break of key resistance, the move ...

Recommendation

Monitor for confirmation: look for continued volume and clean price action above recent support before entering. Consider buying on weakness or after a confirmed breakout with tight risk controls.

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.

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