Power Ledger ($POWR ) Short Liquidation Alert: $2,912.8 Liquidated at $0.31079
The market witnessed a major short liquidation as power surged to $0.31079, signaling a strong bullish push and catching short sellers off guard.
Key Details:
Liquidation Amount: $2,912.8
Liquidation Price: $0.31079
Market Sentiment: Bullish breakout after testing resistance near $0.305.
Next Move:
If $POWR maintains its momentum, the next resistance zone is at $0.320-$0.325.
However, a failure to hold above $0.305 could lead to a pullback toward the $0.295-$0.300 support area.
Stop Loss Guidance:
For Longs: Place a stop-loss around $0.298 to protect against a sudden reversal.
For Shorts: Tighten stop-loss near $0.315, as further upside could fuel a stronger rally.
Stay vigilant for any shifts in market volume and sentiment as $POWR navigates this volatile phase!