$OMNI Short Liquidation Alert: A Thrilling Opportunity
A massive $5.0365K short liquidation has occurred at $4.78, indicating strong buying pressure. This could trigger further upside momentum as trapped short sellers rush to cover their positions.
Technical Analysis & Trade Setup
Buy Zone:
$4.60 - $4.75 (Ideal accumulation zone)
If price retests this zone with strong support, it can be a great buying opportunity.
Targets:
Target 1: $5.10 (First major resistance)
Target 2: $5.50 (Psychological level and strong breakout zone)
Target 3: $6.00 (Extended bullish target if momentum sustains)
Stop-Loss:
$4.40 (Below key support to minimize risk)
A break below this level may signal bearish continuation.
Market Sentiment & Strategy
The short liquidation at $4.78 suggests a squeeze scenario, potentially driving $OMNI higher.
A breakout above $5.10 could trigger further liquidations, fueling a stronger rally.
Maintain risk management and watch for volume confirmation before entering.