$ATOM Short Liquidation Alert
A $50.8K short position has been liquidated at $9.862, marking a shift in market sentiment as shorts are forced to cover.
This could indicate the beginning of a bullish phase, with upside potential if momentum continues to build.
Key Insights:
Liquidations like this often trigger a short squeeze, pushing the price higher as shorts exit.
$ATOM is showing signs of strength, breaking above key levels and attracting new buyers.
Next Steps:
• Bullish outlook: If $ATOM holds above $9.86, we could see further upside toward $10.20-$10.50.
Monitor for strong buying volume.
• Watch for pullbacks: A drop below $9.80 could lead to a retest of $9.60-$9.50 support.
Stay focused on price action—this move could be the start of a solid rally for ATOM!
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