$THE Short Liquidation Alert!
A significant $7,172.4 short liquidation just occurred at $1.74435, unleashing strong bullish momentum.
Bears are getting squeezed as the market charges higher, and volatility is spiking!
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Key Details:
Liquidation Size: $7,172.4
Price Level: $1.74435
Market Sentiment: Bullish surge as shorts are forced out, opening the door for a potential rally.
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Next Move:
1. Immediate Resistance: Watch $1.80 as a key level. A breakout here could ignite a parabolic move.
2. Support Zone: $1.70 is critical. If the price dips below this, it could signal a temporary retracement.$THE
3. Trading Strategy:
Consider long positions above $1.75, targeting $1.85-$1.90.
Place a stop-loss just below $1.70 to limit downside risk.
4. Volume Analysis: Ensure bullish momentum is supported by increasing trading volume. If volume dries up, tread cautiously.
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The bulls are in control, and the market looks primed for more action.
Play the momentum smartly—this could be a breakout in the making!