$DOT Short Liquidation: $10.095K at $8.865!

Details:

Liquidation Type: Short Position

Amount Liquidated: $10.095K

Liquidation Price: $8.865

What Happened?

Polkadot (DOT) saw a sudden surge in price, forcing a major short liquidation as the market took off higher than expected.

Traders betting against DOT had to exit their positions at a loss.

What’s Next?

1. Key Levels to Watch:

Resistance Zone: $9.00 – A break above this could see DOT pushing towards $9.50.

Support Zone: $8.50 – Bulls will aim to defend this level for a continuation higher.

2. Market Sentiment:

Bullish Momentum: DOT is showing strong buying interest, with short squeezes adding fuel to the rally.

Next Target: If momentum holds, DOT could target $9.50 and above.

3. Strategies for Traders:

For Bulls: Watch for confirmation above $9.00 to enter long positions.

For Bears: Look for signs of exhaustion or reversal at resistance before considering shorting.

Conclusion:

The DOT rally continues with strong upward momentum.

Bulls have the upper hand, but traders should watch key levels closely for signs of a breakout or reversal.

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