$SXP Short Liquidation: $1.619K Wiped Out at $0.3685
A sudden surge in buying pressure has crushed $1,619 worth of $SXP short positions, liquidated at a pivotal price of $0.3685.
The market has turned against the bears, signaling renewed strength for $SXP.
Key Details:
Liquidation Amount: $1,619
Liquidation Price: $0.3685
Market Sentiment: Bullish breakout catching short-sellers off guard.
Next Moves:
1. Watch for Resistance Levels: A sustained move above $0.37 could trigger further upward momentum, with $0.40 as the next key target.
2. Short-Term Pullbacks: Expect volatility—use pullbacks to enter potential long positions cautiously.
3. Prepare for Trend Continuation: Bulls could take control if volume supports the breakout.
Tighten stop-losses to protect against reversals.
The tides are turning in $SXP favor.
Ride the wave, but stay sharp—this momentum could turn into your next big opportunity.