$IO ALERT: Short Liquidation Spotted – $10.7K Wiped Out at $0.620
The bears just took a hit as $10,702 in short positions got liquidated at $0.620. This is a strong sign of momentum shifting toward the bulls. Here’s the updated technical outlook:
Analysis:
Recent short liquidation confirms bullish pressure.
Volume spike and candle breakout above key level suggest a breakout is in motion.
RSI is rising but not yet overbought – indicating room to run.
Support from 4H chart aligns with historical demand zone around $0.60.
Buy Zone:
$0.5950 – $0.6180
(Enter on dips within this range)
Target 1: $0.6550
Target 2: $0.6850
Target 3: $0.7250
Stop-Loss:
Close below $0.5770
(Avoid deeper downside risk)
Conclusion:
$IO is heating up with liquidation fueling momentum. If bulls hold the $0.60 zone, a strong rally toward the $0.70+ zone is possible. Smart entries now could ride the breakout wave.