$AERGO Short Liquidation Sparks Market Frenzy—What’s Next?
A massive $3,703.3 short liquidation at $0.1654 has jolted the $AERGO market, forcing bears to retreat as bulls take charge.
This liquidation has turned $0.165 into a pivotal support level, with bulls now targeting $0.17 as the next major resistance.
If breached, the path toward $0.175 could open, signaling a significant upward trend.
For bears, stop-losses are likely being set near $0.1665 to avoid further losses, while bulls are placing theirs below $0.163 to safeguard gains.
The $0.165-$0.167 range will likely serve as a battleground in the short term.
The next move depends on $AERGO ability to break above $0.167.
A strong push higher could spark bullish momentum, but failure to hold the $0.165 level might lead to a retest of $0.16.
Traders should prepare for heightened volatility and adjust their positions accordingly, as the market’s next move could be decisive.