Technical Note | $SOL | $990,000 in short liquidations
Definition: When a long position is liquidated, the system sells in the market to close it; when a short position is liquidated, the system buys to close it.
How to interpret it: When you see large-scale liquidations, rather than guessing which way the market will move next, first check how close your own position is to its liquidation price.
Don’t disrupt your original plan based on a single indicator, and never gamble borrowed money on one reading.
#SOL
Definition: When a long position is liquidated, the system sells in the market to close it; when a short position is liquidated, the system buys to close it.
How to interpret it: When you see large-scale liquidations, rather than guessing which way the market will move next, first check how close your own position is to its liquidation price.
Don’t disrupt your original plan based on a single indicator, and never gamble borrowed money on one reading.
#SOL