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SOL

Solana Shorts Squeezed at $193 — Modest Bullish Signal

I noticed a short liquidation on Solana: about $50.4K of shorts were liquidated at $193.41, indicating short-covering at that level.

That creates modest upward pressure but is not decisive on its own — the liquidation size is small relative to SOL's market, so I want to see follow-through in volume and price action before taking a larger position.

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Analysis

The $50.4K short liquidation at $193.41 signals short-covering and a temporary buying impulse, but the amount is limited versus overall market depth. This is a supportive event for bulls but insuffici...

Recommendation

Watch price and volume for confirmation. Consider a small, cautious approach or wait for a confirmed breakout/retest before adding material exposure to SOL.

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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