BOOM! $NXPC Shorts Just Got Rekt – $2.94K Liquidated at $2.0018!
The bears just got trapped, and it’s time for the bulls to ride! Massive short liquidation at $2.0018 hints at a powerful reversal brewing. The pressure is real, and momentum is shifting. Here’s the breakdown:
Technical Analysis:
Chart Sentiment:
After a heavy squeeze, liquidity has been cleared below $2.00. Now, buyers are stepping in with volume confirmation.
Buy Zone:
$1.98 – $2.04
Ideal entry range where short positions were liquidated and fresh long orders are stacking up.
Targets:
Target 1: $2.28 (Local Resistance & Fibonacci 0.382 Level)
Target 2: $2.49 (Volume Node + Breakout Spot)
Target 3 (Moonshot): $2.72 (Full Extension & Momentum Peak)
Stop Loss:
$1.89
Below this, the bull thesis gets invalidated. Smart risk management is key.
Why This Matters:
Shorts got liquidated = Fuel for upward momentum
Price reclaiming key support = Bullish structure
Volume picking up = Breakout potential
Play Smart. Ride the Trend. Watch $NXPC ignite!
Not financial advice. DYOR.