Solana Short Liquidation Signals Near-Term Bullish Momentum
I note that a $50.4K short on Solana was liquidated at $193.41, which indicates a short squeeze and near-term bullish pressure on SOL.
I view this as a momentum signal rather than a confirmed trend change — follow-through volume and price action above nearby resistance will be needed to sustain gains.
Analysis
Recommendation
I recommend a cautious buy: consider entering on confirmed follow-through (volume and a clear break above resistance) or use a small position with tight stops below recent support 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.