$XPL just witnessed a Short Liquidation worth $5.16K at $1.30602! 📈🔥
Bears got squeezed as price pushed higher, forcing shorts to exit and fueling bullish momentum.
🔑 Key Details:
Liquidation Size: $5,162
Price Level: $1.30602
Sentiment Shift: Short pressure easing → Bulls gaining control
📊 What’s Next?
If $XPL holds above $1.30, we could see further upside momentum and retests of higher resistance zones. However, a failure to sustain may trigger quick corrections back to support around $1.27–$1.28.
👉 Traders: Watch for follow-up liquidations. Momentum traders may ride the squeeze, while cautious players eye pullbacks for safer entries.