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SOL

Solana short liquidation at $193 signals bullish momentum

I saw a $75.5K short on SOL liquidated at $193.31, showing aggressive short-covering at that level.

I view this as a bullish signal that can create short-squeeze momentum and push prices higher in the near term.

I would consider entering on controlled pullbacks or using a partial buy with strict stops to manage the volatility.

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Analysis

The liquidation of a sizable short position at $193.31 indicates sellers were overwhelmed and short-covering likely adds upward pressure. This can trigger further buying but may be followed by volatil...

Recommendation

Adopt a cautious bullish stance: consider a partial buy on weakness or a small entry now with tight stops, and wait for confirmation (sustained price action above recent resistance) before scaling in.

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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