Solana Short Squeeze: $102K Liquidated at $193.42
I saw a meaningful short get liquidated on Solana — about $102,000 was squeezed out at $193.42.
I view this as a short-term bullish signal because forced cover can create upward momentum, but it’s not proof of a sustained trend by itself.
I’ll watch subsequent price action and volume for confirmation before committing more capital.
Analysis
Recommendation
I’ll watch price and volume closely; consider a selective or partial buy only after confirmation of sustained buying or a clear breakout, otherwise stay sidelined until the move proves durable.
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.