Solana Faces a Liquidation Nightmare!
In the short term, bears are likely to be liquidated around $247 to $252.
However, over the past month, a significant number of long positions remain unliquidated. Levels like $210 and below $200 hold the highest concentration of liquidations across exchanges.
There’s also a final pool of short positions near $267.
Given these characteristics, we consider SOL less favorable for medium-term exposure. After breaking its all-time high, it now faces a sea of pending liquidations driven by excessive leverage. Other projects offer better risk-reward profiles in the short term!
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