$NOT Short Liquidation Alert.
Massive liquidation event just occurred in the crypto markets.
Asset: $NOT
Liquidation Amount: $1,921.4 (short positions)
Price Level: $0.006813
What Happened.
Short sellers betting against $NOT were forced to close their positions as the price surged to the critical level of $0.00681. This triggered a cascade of liquidations worth $1.9214K, further fueling the price rally and potentially signaling bullish momentum ahead.
Why is this exciting.
Short liquidations often mark key turning points in the market, shaking out weak hands and providing momentum for the next price direction. Traders should watch this level closely for potential opportunities.
What’s next for $NOT
Support Zone: Watch for support forming around $0.00681. If the price stabilizes, it could signal a solid base for a bullish trend.
Resistance Levels: Keep an eye on potential barriers as traders attempt to push prices higher.
Pro Tip: Use this event to reassess your trading strategy. Keep your stop-loss levels tight, and watch for increased volatility.
Crypto markets move fast.
Don’t miss the next big wave.