$ARK Short Liquidation Alert: $5,010.4 Liquidated at $0.79443
What Happened?
A significant short liquidation of $5.01K occurred at the price of $0.79443 for ARK.
This indicates that bears were caught off guard as the price surged past key levels.
This move could signal increased momentum and trading opportunities for ARK.
What’s Next?
Buy Zone
Consider entering near $0.78–$0.80 if the price retraces slightly. This zone has proven support, making it a safer entry.
Target Levels
1. First Target (T1): $0.82 – Minor resistance.
2. Second Target (T2): $0.85 – Stronger resistance, ideal for short-term profit.
3. Extended Target (T3): $0.90 – Potential breakout zone.
Stop-Loss
Place your stop-loss below $0.77 to manage risk in case the trend reverses.
Key Observations
Bullish Momentum: The liquidation suggests a strong upward push, possibly fueled by shorts getting squeezed.
Volume Surge: Watch for a spike in trading volume, which could confirm a continued uptrend.
Market Sentiment: Stay updated with overall market conditions to avoid unexpected volatility.
Trading Tip
Trade cautiously! Use small position sizes if uncertain and adjust your targets or stop-loss based on real-time market action.
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