$REN Liquidation Shockwave: $573K Short Wiped Out!

$573,000 Short Position Liquidated at $0.0683

The $REN market just witnessed a massive liquidation event, sending shockwaves through the trading community!

Bulls have taken the reins, leaving short-sellers reeling as the price surges through critical levels.

Breaking Down the Action:

1️⃣ Major Price Move: $REN surged to $0.0683, obliterating over half a million dollars in short positions in a single strike.

2️⃣ Short Squeeze Potential: This enormous liquidation could trigger cascading buy pressure, amplifying upward momentum as bears scramble to close their positions.

3️⃣ Volatility Spikes: The REN market is buzzing with activity, with volume surging and traders hunting for the next breakout.

Key Zones to Watch:

Resistance: $0.0700 – Breaking this could spark a rally toward $0.0750.

Support: $0.0650 – Bulls must hold this level to sustain the current momentum.

Pro Tips for Traders:

Keep an eye on whale activity—REN has become a prime target for big players.

Track funding rates and open interest for signs of additional liquidation opportunities or reversals.

What’s Next?

Is REN primed for a meteoric rise, or will this liquidation mark a turning point for bears to regroup?

#AIAndGameFiBoom #AIAndGameFiBoom #BinanceBNSOLPYTH #BitwiseFiles10ETFs #BSCOnTheRise