🟢 $STO Short Liquidation Alert!
Liquidated Amount: $1,116.90
Liquidation Price: $0.20288
What’s Happening?
A major short position on $STO just got rekt, as the price surged past $0.20288, triggering a $1.1K liquidation. This suggests rising bullish momentum and a possible shift in sentiment.
Why This Matters:
Liquidations like this indicate that sellers were overly confident, and now buyers are taking control.
When shorts are forced to buy back (cover), it can add fuel to the price rally.
This liquidation size is significant relative to $STO’s usual activity.
What to Watch For:
Breakout Continuation: If $STO holds above $0.20288, we might see it push to the next resistance levels.
Volume Spike: Look for increasing volume—confirmation of strong buying interest.
Open Interest: Is more money flowing in? Track open interest for signs of fresh positions.
TharaView:
This could be the start of a squeeze. Smart traders are watching the chart closely—don’t fade the momentum.