$MKR Liquidation Alert and Technical Breakdown
Massive liquidation just hit the MKR market — $1,744.6K short positions wiped out at the critical level of $1,948. This shakeout hints at aggressive short covering and a potential trend reversal or momentum breakout brewing. Here’s the full technical breakdown:
🔥 $MKR Technical Analysis
Current Price Region: Around $1,950
Trend: Bullish reversal signs post-liquidation
Buy Zone:
$1,880 – $1,940
This range offers a strong accumulation area post-liquidation. If price dips back into this zone, it may act as a springboard for the next leg up.
Targets:
Target 1: $2,060 – Key resistance zone, previous high rejection point
Target 2: $2,180 – Weekly breakout level, potential magnet post-liquidation
Target 3: $2,300 – Psychological and technical resistance; possible euphoria zone if bulls take control
Stop Loss:
$1,845
Placing the stop loss just below the lower bound of the buy zone protects from a deeper drop while keeping risk-reward favorable.
What This Liquidation Means:
This level of short liquidation suggests market makers flushed over-leveraged positions, clearing the way for a cleaner uptrend. With liquidity pools now shifted higher, price could magnetize toward untouched highs as momentum builds.
Stay alert. This could just be the beginning of a major move.
