#MarketRebound $COW Shorts Crushed: $2.9509K Liquidated at $0.80385!
In an explosive market move, $2.9509K worth of $COW short positions were liquidated as the price surged to $0.80385.
This unexpected rally has wiped out bears, fueling the fire for even more bullish momentum.
Key Highlights:
1. Short Squeeze Unleashed: A wave of short liquidations shows a shift in sentiment as bullish pressure takes over.
2. Key Level Reached: $0.80385 marks a crucial breakout point, signaling potential for further gains.
3. Heightened Market Volatility: The fast-paced liquidation hints at more potential moves in both directions.
Suggested Next Move:
For Traders: Watch for a pullback near $0.80-$0.81 for a potential long entry, targeting $0.85 with a stop-loss below $0.78 for risk management.
For Bears: Be cautious.
The bulls are in control, and shorting now could lead to further losses.
Consider waiting for signs of exhaustion before re-entering.
For Holders: Stay confident in your position as long as the price holds above $0.80.
Next resistance is likely around $0.85-$0.90.
$COW could be just getting started—get ready for more action!
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COWUSDT
0.8375
+10.4%
