buy on weakness
Solana Short Squeeze: $50K of Shorts Liquidated at $195
I note that approximately $50.2K of short positions in Solana were liquidated at $195.38, which reads as a short-squeeze event that pushed price higher in the short term.
That forced liquidation suggests upward pressure, but the liquidation size is modest versus overall market depth, so I’m watching for follow-through rather than assuming a sustained rally.
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Analysis
Short liquidations at $195.38 indicate immediate buying pressure and a potential short squeeze, but $50.2K is a relatively small amount versus total open interest. This move may spark short-term momen...
Recommendation
Consider buying on weakness rather than chasing the recent move: wait for a pullback to support or consolidation close to VWAP, use a scaled entry, and keep defined stops given the modest size of the ...
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.