BIG SHORT LIQUIDATION!
$VINE just saw a massive liquidation! A $56.2K short position got wiped out at $0.104, signaling intense volatility in the market.
š What does this mean
A liquidation of this size suggests strong buying pressure, forcing shorts to close.
This could trigger a short squeeze, pushing prices higher if momentum continues.
However, if resistance holds, we might see a pullback before the next move.
ā” Next Move?
If bulls maintain control, breaking key resistance levels, we could see further upside.
If sellers step in, watch for a potential retracement before another push.
š Key Levels to Watch:
š Resistance: $0.115 - $0.120
š Support: $0.098 - $0.100
Stay sharp and manage risk! š Whatās your next move? Drop your thoughts below!