$SSV Short Liquidation Alert: $2.3K Wiped Out at $9.41
The bears just took a hit, and the battle is heating up. With $2,309 in short positions liquidated at $9.41, the pressure is mounting, and a momentum shift could be brewing.
Technical Analysis:
The liquidation zone around $9.41 acts as a key resistance-turned-support level now. Liquidity hunting in this area signals that whales may be prepping for a breakout or a deeper trap.
Entry (Buy) Zone:
Ideal Accumulation Range: $8.80 to $9.20
This is where previous support zones meet whale interest. Volume spikes here could confirm bullish intent.
Targets:
Target 1: $10.10 – First profit-taking zone; previous high + psychological level
Target 2: $10.85 – Major resistance from recent range top
Target 3: $12.20 – If momentum stays, this is the next liquidity magnet
Stop-Loss:
Below $8.40 – If price breaks down below this, momentum has likely shifted bearish
Strategy Insight:
This liquidation hints at early shorts getting squeezed. A surge above $9.41 backed by volume would confirm trend strength. However, patience is key — watch for retests around the $9.00–$9.20 level to catch a solid entry. Risk management remains essential, as volatility could spike.
