A colossal $13.56K short liquidation just occurred at $0.306 for $CATI , sending shockwaves through the market.
This liquidation could lead to a significant price surge as shorts are forced to close their positions, triggering a potential rally.
Important Details:
Liquidation Amount: $13.56K
Price of Liquidation: $0.306
Market Impact: Such a large liquidation is likely to spark a short squeeze, which could fuel further upward momentum as shorts scramble to cover.
Next Move:
Watch for resistance around $0.32 to $0.34. If $CATI breaks through this range, expect the rally to continue.
Look for consolidation or signs of exhaustion if the price starts to stall in this zone, which could signal a potential pullback.
Stop-Loss Strategy:
Set a stop-loss around $0.29 to guard against sudden reversals.
This will protect your position if the rally falters and the price drops.
Stay alert and adjust your strategy as the market reacts to this massive liquidation.
The next few hours could bring rapid price movements—both up and down.