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SOL

Solana Short Liquidation at $193 Signals Bullish Momentum

I note a $75.5K short position in Solana (SOL) was liquidated at $193.31. That size of liquidation suggests short-covering and short-term bullish pressure around this price.

I view this as a momentum signal rather than a full trend confirmation — it increases the chance of a near-term continuation upward but needs follow-through volume.

I will watch immediate price action and consider entering on a confirmed breakout or a disciplined retracement buy setup.

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Analysis

The liquidation of a sizable $75.5K short at $193.31 points to forced short covering and a potential short squeeze. Alone this is a bullish micro-signal, but it requires volume confirmation and price ...

Recommendation

Consider a buy bias: enter on a confirmed breakout above recent resistance or on a controlled pullback; manage risk with stops below the liquidation zone or your chosen support level.

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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