$MKR Short Liquidation Alert and Full Price Analysis
Massive Short Liquidation on MKR
A major shakeout just occurred in the market — $1,047.9 worth of MKR shorts got liquidated at $1,711, signaling that bears were caught off guard. This move could be the start of a trend reversal or a trap for aggressive buyers. Here’s a complete breakdown.
Current Price Action Analysis
$MKR just wiped out a key resistance near $1,700, triggering liquidations. Volume surged during the move, indicating strong buying interest and panic among short sellers. Market structure has turned short-term bullish, with higher lows forming on the 4H and daily charts.
Buy Zone (Accumulation Zone)
$1,680 – $1,705
This zone is now acting as a strong support due to the liquidation wick and prior breakout. If price retests this area with decreasing volume, it could present a solid long opportunity.
Target Zones
Target 1: $1,780 — Local resistance and Fibonacci 0.618 retracement from the recent swing high.
Target 2: $1,840 — A clear breakout zone that could trigger a larger move.
Target 3: $1,920 — High-confluence target from historical supply zone and technical breakout structure.
Stop Loss
Below $1,660
A close below this level would invalidate the current bullish breakout and could lead to further downside.
Conclusion
The short liquidation at $1,711 is a key signal — smart money may be shifting into longs. $MKR is now positioned for a potential trend continuation if bulls hold above the $1,680 zone. Traders should watch for a retest of support followed by a strong bounce before entering.
