Massive Liquidation Alert!
$ADA Short Liquidated
A whopping $97.8K short position got wiped out at $1.029! The market just taught another lesson to those betting against Cardano. Bulls are showing no mercy and driving prices up with conviction!
Key Details:
Liquidation Size: $97.8K
Liquidation Price: $1.029
Trend: Strong bullish momentum
Market Sentiment: FOMO may be setting in, with shorts being squeezed hard.
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Next Move? Here's What to Watch!
For Bulls: Momentum is on your side. Watch for a breakout above $1.05, which could signal an extended rally toward $1.10 or beyond. Tighten your stop losses and ride the wave!
For Bears: Beware of entering new shorts unless there’s a strong rejection. Wait for signs of exhaustion or consolidation before making a move.
Key Support/Resistance:
Support: $1.00 psychological level
Resistance: $1.05 and $1.10
Market Strategy: Stay cautious and monitor trading volumes. Sudden pullbacks can trap late buyers, while another short squeeze could push ADA even higher.
Pro Tip: Be prepared for volatility as the market reacts to this massive shakeout. Keep emotions in check and trade smart!
Where do you think $ADA is headed next?