$HBAR Short Liquidation: $14.104K at $0.23779 – What’s Next?
HBAR (Hedera Hashgraph) just experienced a short liquidation worth $14.1K at $0.23779. This is a major event that’s caught the attention of traders, as short liquidations can trigger price swings and offer opportunities for the smart traders who act fast. Let’s break it down and figure out what could happen next with HBAR.
What is a Short Liquidation?
A short liquidation occurs when traders who bet on the price going down (short positions) are forced to close their trades because the price goes up instead. In this case, HBAR saw short positions being liquidated, which caused buying pressure, pushing the price higher. This can lead to a potential surge in price if more short positions get liquidated or if buying momentum continues.
What’s Next for HBAR?
1. Immediate Price Action: Following such a liquidation, HBAR could experience a price surge in the short term. This is because short sellers being liquidated create buying pressure, which could push the price up. We might see the price rise towards $0.245 or even $0.250.
2. Potential for Further Upside: If the market continues to react positively, HBAR could break through the $0.250 resistance and test higher levels around $0.255 - $0.260. Watch for continued buying pressure.
3. Watch for a Pullback: After any rapid rise, there’s always a chance of a correction. If the price starts to fall, look for support zones around $0.225 - $0.230 for a potential bounce.
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Buy Zone:
Primary Buy Zone: $0.225 - $0.230 If the price pulls back after the surge, this is a strong buy zone. Look for signs of support in this range, as the price may find stability and bounce back up.
Secondary Buy Zone: $0.215 - $0.220 If the price drops further, this is another potential buy zone. Watch #BinanceAlphaAlert #TraderProfile $HBAR
Disclaimer: Includes third-party opinions. No financial advice. May include sponsored content.See T&Cs.
