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SOL

Solana Short Liquidation Signals Bullish Momentum Near $193

I noted a $50.4K short liquidation in SOL at $193.41, which forced short-covering and adds bullish momentum to the market.

I see this as a signal of upside pressure near the $193–$200 area; I'll watch volume and follow-through to confirm any sustained move higher.

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Analysis

A $50.4K short liquidation at $193.41 likely triggered short-covering and intraday buying, suggesting upside pressure. The amount is meaningful enough to influence price action but not so large as to ...

Recommendation

I would consider a buy if SOL shows follow-through above $200 with increased volume, or a measured buy-on-weakness near confirmed support levels with tight stops; otherwise wait for clearer confirmati...

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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