ETH's Wild Surge & The Short Squeeze Frenzy! 💥
It’s absolute madness in the market—**ETH skyrocketing 30% in just a day!** But who’s fueling this insane rally? The answer isn’t aggressive buying—it’s $10 billion worth of short liquidations triggering a cascade effect!
🔥 What Happened?
- Traders shorted ETH at $3,000, expecting a drop—big mistake!
- Instead of a dip, extreme short squeezes wiped out positions, fueling ETH’s surge.
- This event was predicted back in March, though timing was off—we expected April, but May delivered the explosion!
📊 Key Resistance Levels to Watch:
⚡ ETH at $2,425 – The 0.382 golden ratio could act as resistance.
⚡ Altcoin Momentum – If ETH stalls, altcoins may retrace—**taking profits now could be wise!**
🛑 Strategy Moving Forward:
✅ Wait for retracement before entering positions—chasing highs comes with increased risk!
✅ Pepe at 0.105 – A retest of this neckline could provide a better entry before another surge.
✅ Profit Management – Reinvesting only a portion of earnings while securing the principal ensures risk control.
💡 Crypto cycles don’t end in a day—but this rally has been massive. Whether you play it safe or take aggressive bets, your risk tolerance is the key factor!
📈 What’s your move? Are you holding, selling, or repositioning? Let’s discuss! 👇🔥
