A staggering $3.1834K short liquidation just took place at $0.64415 for $AI , setting the stage for major price fluctuations.
This sharp move could ignite a powerful rally as the market reacts to the forced buying of short positions.
Important Details:
Liquidation Amount: $3.1834K
Price of Liquidation: $0.64415
Market Impact: The scale of this liquidation could result in a short squeeze, leading to accelerated buying and a potential price surge.
Next Move:
Watch for price action around $0.65 to $0.67, where resistance may form as traders lock in profits.
If momentum persists, there may be room for an upward breakout beyond $0.70, but be cautious of any sudden reversals.
Stop-Loss Strategy:
Place a stop-loss just below $0.63 to shield against potential downside. $AI
If the price falls below this level, the trend could be losing strength, and a pullback may follow.
Stay alert for rapid price movements—liquidations like this can lead to significant swings in both directions.$AI
Be prepared to adapt to the unfolding market conditions.