$SOL is at 93.5 with the fattest short liquidations right above it, at 94.4-94.5. That's only about 1% away.
Below, the first pocket of longs sits at 92.5, and the big one is 90.6-90.7, built during last night's dip. So the nearest magnet is up, the heavier one is down. US JOLTS data lands at 15:00 UTC and that's usually enough to pick a side.
What it means for JTO: it moves about 1.4x SOL, so a run to 94.5 is roughly +1.3% for JTO, a flush to 90.7 more like -4%. My JTO long grid feels the second one a lot more.
Which gets tagged first, 94.5 or 90.7?
Not financial advice.
#SOL #Solana #Liquidations
Below, the first pocket of longs sits at 92.5, and the big one is 90.6-90.7, built during last night's dip. So the nearest magnet is up, the heavier one is down. US JOLTS data lands at 15:00 UTC and that's usually enough to pick a side.
What it means for JTO: it moves about 1.4x SOL, so a run to 94.5 is roughly +1.3% for JTO, a flush to 90.7 more like -4%. My JTO long grid feels the second one a lot more.
Which gets tagged first, 94.5 or 90.7?
Not financial advice.
#SOL #Solana #Liquidations
