$KAIA Liquidated Short: $65.8K at $0.240
A $65.8K short position in $KAIA was liquidated at $0.240, as the price unexpectedly surged against the position.
Traders who anticipated a decline were caught in a sharp upward move, leading to the forced liquidation.
Entry Point:
The short position was initiated at $0.240, expecting the price to move lower based on bearish trends.
Target:
The target was a drop to $0.22, where strong support was anticipated to hold.
Stop Loss:
The stop loss was set at $0.245, but the market's sudden reversal hit this level, leading to liquidation before the position could adjust.