🔥 $ONDO Short Liquidation Alert! 🔥
A massive $30.095K short position was just liquidated at $1.90571, shaking up the market! This could signal a big move ahead for $ONDO. Are the bears retreating, or is something bigger on the horizon? Let’s break it down and prepare for action!
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What’s Next for $ONDO?
The liquidation event indicates strong buying pressure, forcing short sellers to close their positions. This often leads to price momentum, and here’s how you can plan your next move:
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Key Levels to Watch
Buy Zone: $1.85 - $1.92
(Look for pullbacks in this range for an optimal entry.)
Target Levels:
Target 1: $2.10 (Immediate resistance level)
Target 2: $2.25 (Potential breakout level if momentum continues)
Stop Loss: $1.80
(Place below strong support to minimize risk.)
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Why You Should Care
Liquidations of this size can shake up the market dynamics, triggering volatility. Bulls could push prices higher as short sellers are forced out. With the right setup, this could be a profitable trading opportunity!
Pro Tips
1. Watch trading volume closely—higher volume confirms the move.
2. Monitor overall market trends; macro sentiment impacts follow-through.
3. Stay disciplined—don’t chase the price, stick to the plan!
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💡 Final Thoughts: $ONDO is showing signs of strength, and this liquidation could be the start of a larger move. Get ready to act, but always trade within your risk limits!
Ride the wave, but trade smart! 🚀
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