$MKR Short Liquidation Alert
$61,500 in shorts liquidated at $1537.80 — massive short squeeze in action, catching bears off guard!
What’s happening:
Strong buying pressure just forced shorts to cover. This liquidation signals bullish momentum gaining steam, but the next move is key.
Key Levels to Watch $MKR :
Resistance: $1,550 — need a clean breakout above to push toward $1,600+.
Support: $1,520 — bulls must hold this level to maintain the uptrend.
Next Move $MKR :
If price holds above $1,520, expect a potential breakout towards $1,550 and higher.
If it rejects, watch for a pullback to $1,500–1,520 for a possible re-entry.
Volume and candle formation will confirm next steps.
Shorts are scrambling. Bulls are in control, but caution is key.
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