Solana's Epic Surge: Are Shorts About to Get Wrecked Again?
Posted: Thu Oct 24, 2024 10:00 pm
Alright, crypto warriors, let’s talk about the recent Solana surge that left short sellers in the dust. With over $7 million in short positions liquidated in just 24 hours, it’s clear that the bulls are running wild. But here’s the kicker: while SOL is pushing towards that tantalizing $185 resistance, the RSI is screaming overbought.
So, here’s my question for you all: Are we witnessing the birth of a new bull run, or is this just a classic case of a short squeeze before the inevitable pullback? What’s your strategy moving forward? Are you riding the wave with the longs, or are you playing it safe and waiting for a dip? Let’s hear your thoughts and predictions!
So, here’s my question for you all: Are we witnessing the birth of a new bull run, or is this just a classic case of a short squeeze before the inevitable pullback? What’s your strategy moving forward? Are you riding the wave with the longs, or are you playing it safe and waiting for a dip? Let’s hear your thoughts and predictions!