$IOTA Short Liquidation: $5.05K at $0.1608 — Bulls Are Stepping In

A notable short position just got liquidated at $0.1608

This shows sellers were overconfident, and now buyers are forcing a rebound.

Market Sentiment:

Bullish — pressure is building from the long side.

Liquidated shorts usually mean upside fuel.

Next Move:

Buy or hold — momentum may carry this higher.

Watch for confirmation above local resistance.

Targets:

• Target 1: $0.168

• Target 2: $0.175

• Target 3: $0.185

Stop Loss: $0.153

Resistance: $0.165

Summary:

$IOTA just showed strength by liquidating shorts.

If it clears resistance, upside could accelerate.

Keep eyes on volume and breakout follow-through.

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