#MELANIA Short Liquidation Alert.
Massive Liquidation in the $MELANIA Market.
A short liquidation worth $2.9434K just went down at the price of $2.58189.
This is huge! Shorts getting squeezed as the price moves against them! When the price hits a level like this, it causes traders who bet against the asset to be forced to cover their positions—buying back into the market and pushing the price higher.
What does this mean for $MELANIA?
Potential price surge: The liquidation of this significant short position could trigger more buying, driving the price up even more.
Market reaction: With liquidations like this, we might see higher volatility, so traders will be on edge, looking for entry points.
Strategic Watch: If the price starts stabilizing or pushing upwards, the bulls could seize control, but if there's no follow-up buying pressure, watch for possible pullbacks.
Key Level to Watch:
Short Liquidation occurred at $2.58189 – eyes on this level as it could turn into strong support, and if the price holds above this, the bulls could continue the rally.
If it breaks below $2.58, expect potential pullback levels near $2.40 to $2.30.
Keep an eye on those liquidation levels and market momentum—$MELANIA could either skyrocket or face strong resistance depending on how traders react!
Are you prepared for this ride? Buckle up for the action ahead.
