Massive Short Liquidation Alert: $1,009.6 at $0.7475
The bears just got burned. $A sudden short liquidation has wiped out over a thousand dollars at the $0.7475 level. This isn’t just a random spike—this is a signal. A breakout is brewing beneath the surface.
What's Happening?
This liquidation reveals high leverage short positions collapsing under pressure, forcing sellers to buy back in panic—fueling upward momentum. Price action has just crossed a major resistance zone, turning it into potential support.
Technical Analysis
Support Level: $0.7420–$0.7475
Breakout Confirmation: Clear rejection of downside with volume surging above $0.7475
Momentum Indicator: Bullish divergence on RSI, trend reversal forming on 4H chart
Liquidity Cluster: Above $0.76 and $0.78—next liquidation zones in sight
Entry Zone (Buy Zone):
$0.7480 to $0.7550 – enter on consolidation or quick retest of breakout
Targets:
Target 1: $0.7750 – major resistance and historical reaction zone
Target 2: $0.7920 – liquidity gap fill
Target 3: $0.8120 – previous weekly high and possible bull rally extension
Stop-Loss:
$0.7390 – below key support and volume shelf, invalidates bullish thesis if broken
Conclusion:
$A short squeeze is often the spark that ignites a full-blown rally. With this liquidation, we might be seeing the beginning of a momentum shift. Watch price action around $0.7550. If bulls hold, this move could accelerate rapidly.
Stay alert. The real move is just beginning.
