Massive $IMX Short Liquidation Alert Liquidated Amount: $2,069.3 USD
Liquidation Price: $1.496
Impact Short sellers caught off guard as shows significant momentum, breaching the $1.4941 mark, triggering a cascade of liquidations!
What Happened
A sizable short position valued at $2.0693Kwas liquidated when the price of surged past $1.4946
This suggests strong upward pressure on $IMX, possibly fueled by
Market demand spikes
Bullish news catalysts
Short squeezes
Key Takeaways
1. Market Momentum: The liquidation reflects bullish momentum as traders underestimated $IMX’s strength at this level.
2. Volatility Alert: This price movement could signal a volatile trading session ahead, attracting scalpers and day traders.
3. Liquidation Significance: Though relatively small, this liquidation may encourage other short sellers to cover positions, amplifying bullish pressure
Next Steps for Traders
Watch for resistance levels near $1.50 and $1.55.
Keep an eye on volume spikes to assess whether this is part of a larger trend reversal
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