$COOKIE Explodes with Short Liquidation at $0.2275 – A Storm is Brewing
$COOKIE just triggered a major short liquidation worth $2.65K near the critical level of $0.2275, signaling intense volatility and a potential upside breakout. This kind of liquidation flush often marks the beginning of a trend reversal or explosive rally, catching late shorters off guard.
This is not the time to blink. Price action is heating up, and those who act early can ride the next big wave.
Analysis Zone
Accumulation/Buy Zone: $0.2190 – $0.2275
This is the area where short liquidations occurred, hinting at strong buying interest. A bounce from here could ignite a powerful rally.
Support Level: $0.2150
If price dips below $0.2190, watch for a bounce near $0.2150. A break below this could invalidate the bullish setup.
Upside Potential
Target 1: $0.2470 – This is the immediate resistance and previous local high. A breakout here would confirm bullish continuation.
Target 2: $0.2690 – A strong move past resistance could send price toward this psychological and technical level.
Target 3: $0.2880 – If momentum sustains and volume spikes, this extended target is possible during a breakout rally.
Risk Management
Stop-Loss: $0.2130 (below key support)
Keep risk controlled. A close below this level could attract further downside pressure and invalidate the bullish thesis.
Summary
$COOKIE just sent a powerful message to the market with a $2.65K short liquidation at $0.2275. The battle between bulls and bears is intensifying, and this zone may be the ignition point. With proper risk management, this setup offers a thrilling opportunity for those ready to catch the next surge.
Let the charts do the talking. Stay sharp, stay prepared.