🚨 $IO Short Liquidation Alert! 🚨
A significant short liquidation just hit: $6.394K at $2.37685!
🔴 What’s Happening? $IO is seeing a massive short squeeze, with $6.394K in short positions getting liquidated at $2.37685! This could indicate the start of a strong upward move, as shorts are forced to close their positions.
💥 What’s Next?
Buy Zone: Look for an entry around $2.35 to $2.40. If the price holds steady in this range, it could be a solid opportunity to jump in.
Target: Watch for $2.60 - $2.80 as potential target levels. If the bullish momentum continues, these are the areas to keep an eye on for possible resistance.
Stop Loss: Set your stop loss around $2.20 to protect your position if the market pulls back unexpectedly.
🔑 Why It Matters: This liquidation could signal the beginning of a bigger rally, but be cautious – the market can be volatile. Managing your risk is key as price action unfolds.
⚡ Stay sharp and trade carefully – $IO might be just getting started! 💹
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