Liquidation Alert: $109K Short Wiped Out on $FTM !
A massive $109,000 short position on Fantom (FTM) was liquidated at the pivotal price of $0.990, sending shockwaves through the market.
This major move underscores the power of bullish momentum as $FTM continues to defy bearish pressure.
Market Breakdown:
Liquidation Size: $109,000
Liquidation Price: $0.990
Momentum Surge: Strong buying pressure sweeping out shorts, hinting at potential bullish continuation.
This liquidation highlights a decisive battle between bulls and bears, with bulls seizing the upper hand.
Such significant liquidations often signal critical turning points and could indicate further price rallies ahead.
Lesson for Traders:
The crypto market’s volatility can strike hard and fast. Effective risk management and closely monitoring key price levels are essential to avoid getting liquidated.
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