$POL Short Liquidation: $8.4619K at $0.58755!

Overview:

Type: Short Liquidation

Liquidated Amount: $8.4619K

Price Level: $0.58755

What Happened?

POL's price surged to $0.58755, forcing short sellers to close their positions.

This added buying pressure, driving the price higher and showing strong bullish activity.

What’s Next?

1. Key Levels to Watch:

Resistance: $0.60 – Breaking this could pave the way to $0.62.

Support: $0.58 – Holding above this can maintain momentum.

2. Market Sentiment:

Bullish: The liquidation reflects growing demand and strength in POL.

Next Target: A breakout above $0.60 could trigger a push toward $0.62.

3. Trading Strategy:

For Buyers: Look for opportunities near $0.58 for an entry point.

For Sellers: Wait for bearish signals before re-entering shorts.

Conclusion:

POL’s short liquidation signals strong buying pressure.

Keep an eye on $0.60 as a breakout level while $0.58 remains solid support. Stay prepared for the next move!

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