$RED Short Liquidation – Bears Crushed, Bulls Take Control!
Massive Liquidation Alert! A staggering $2,215.7K worth of short positions just got liquidated at $0.63343! The bears tried to push the price down, but they got wrecked as RED surged instead!
What Happened?
• Trapped Shorts: Many traders placed heavy short bets, expecting a price drop. Instead, the price pumped, triggering forced liquidations.
• Short Squeeze Effect: When short traders get liquidated, they are forced to buy back, fueling even more upside momentum.
• Big Money Moves: Such a high liquidation amount suggests major volatility incoming!
Key Levels to Watch 📈
✅ Buy Zone: If RED dips, a good entry could be around $0.60-$0.615 for a potential bounce.
❌ Sell Target: If momentum stays strong, RED could test $0.68-$0.70+ as the next resistance.
What’s Next?
trading Strategy:
• If RED holds above $0.63, expect more upside pressure.
• Watch for volume—strong buying could push it toward new highs.
•If rejection happens near $0.68, expect a short-term pullback before another run.
Stay sharp, traders! RED is heating up!
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