$WIF Short Liquidation Alert.
A staggering $1,519.8K worth of shorts has just been liquidated at the critical price of $1.995.
This massive liquidation could signal a strong bullish sentiment in the market. With shorts wiped out, the bulls might now have a chance to seize control, pushing $WIF to new highs.
What Does This Mean for Traders.
1️⃣ Key Resistance Level: The $2.02504 zone has proven to be a turning point. A breakout above this level could trigger further upward momentum.
2️⃣ Next Targets:
Short-Term Target: $2.10
Mid-Term Target: $2.25
3️⃣ Support Levels to Watch:
If the price retraces, look for support around $1.90 and $1.75.
4️⃣ What Triggered This.
Heavy liquidation often follows overleveraged short positions. With shorts forced to close, buying pressure increases, creating a snowball effect.
Trading Strategy:
Buy Zone: $1.95–$2.05 (if momentum remains strong).
Stop Loss: Place it just below $1.90 to minimize risk.
Profit Targets: $2.10, $2.25, and beyond.
Always use proper risk management and monitor market conditions.
Thrill Level: This liquidation is a game-changer! Stay tuned as $WIF continues to shake up the charts. Are you ready to ride the wave.
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