$MOVE Short Liquidation: $6.5956K at $0.62358!
Overview:
Type: Short Liquidation
Liquidated Amount: $6.5956K
Price Level: $0.62358
What Happened?
MOVE’s price surged to $0.62358, triggering short sellers to close their positions. This added buying pressure, further pushing the price upward.
What’s Next?
1. Key Levels to Watch:
Resistance: $0.65 – A breakout could target higher zones like $0.67.
Support: $0.61 – Holding here keeps the bullish momentum alive.
2. Market Sentiment:
Bullish: Rising liquidations and price strength show buying interest.
Next Target: Testing $0.65 for a potential breakout.
3. Trading Strategy:
For Buyers: Watch for pullbacks near $0.61 to enter with minimal risk.
For Sellers: Wait for resistance confirmation before shorting.
Conclusion:
MOVE’s bullish momentum continues, fueled by short liquidations.
Keep a close eye on $0.65 for a breakout while monitoring support at $0.61 for stability. Stay sharp for