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SOL

Solana Shorts Liquidated at $191.52 — Short-Covering Boost

I noticed a $264K short liquidation on Solana at $191.52. That forced short-covering likely produced a short-term bullish impulse and removed some immediate downside pressure.

I’m cautiously optimistic but not convinced of a sustained rally yet — I want to see follow-through volume and confirmed support before increasing exposure.

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Analysis

The liquidation event shows forced buying at $191.52 and reduces short interest temporarily, which can create upward momentum. However, one liquidation does not confirm trend reversal without higher v...

Recommendation

I’m watching price action. Consider a tactical long only after clear follow-through or on a disciplined pullback to confirmed support; otherwise remain sidelined.

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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