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SOL

Solana Short Liquidation at $195 — Potential Short-Covering Bounce

I noticed a $51,000 short on Solana was liquidated at $195.20. The forced cover likely produced short-covering buying pressure around that price.

That move eases immediate bearish pressure and can spark a short squeeze, but it isn’t proof of a sustained uptrend without follow-through.

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Analysis

The $51K liquidation at $195.20 signals short-covering that created upward pressure. This reduces near-term downside from those positions but may be a temporary spike unless confirmed by volume and br...

Recommendation

I would watch price action and volume before committing capital; consider buying only on a confirmed breakout or on a measured pullback with clear support.

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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