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SOL

Solana Short Squeeze at $193.41 Suggests Near-Term Bullish Momentum

I noticed $50.4K of short positions on SOL were liquidated at $193.41. That short squeeze produced immediate upside and signals short-term bullish pressure.

I treat this as a momentum cue rather than a full trend reversal — the liquidation amount is meaningful intraday but modest versus Solana’s market depth. I need follow-through and volume confirmation.

I'll lean toward a measured long bias if SOL holds above the $193 level or on a disciplined buy-on-weakness into nearby support, keeping stops tight.

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Analysis

The $50.4K short liquidation at $193.41 points to short-covering and intraday buying pressure, but the amount is relatively small versus SOL’s liquidity—look for higher volume and follow-through to va...

Recommendation

Favor a cautious buy: either add on confirmed hold above $193 or buy on weakness near support with defined stops and limited position size to manage drawdowns.

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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