Solana Short Liquidation at $194 Signals Short-Term Bullish Momentum
I saw a $50.4K short liquidation on Solana at $194.30. That forced exit of shorts suggests nearby stop clusters were hit and momentary upside pressure appeared.
I take this as a short-term bullish sign but not a certainty — it signals potential continuation if buyers follow with volume, or a fade if no follow-through occurs.
I’ll look for confirmation above $195–200 before adding size, or consider scaling in on a disciplined pullback toward strong support, with stops to limit downside.
Analysis
Recommendation
Consider a measured buy: add on confirmation above $195–200 or scale in on weakness toward nearby support, and use tight stop-losses to manage risk.
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.