Solana Short Squeeze at $188.49 — Watch for Pullback
I observed a significant short liquidation in SOL: $81.6K of shorts were closed at $188.49, which indicates short-covering drove recent upside.
I view this as near-term bullish pressure but not a full confirmation — I am watching volume and price behavior for follow-through or a retracement before increasing exposure.
Analysis
Recommendation
I recommend buying on weakness or waiting for a confirmed breakout above resistance; use conservative position sizing and tight stops given the potential for a squeeze fade.
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.