Massive Liquidation Alert on $WLD

Short Liquidations Spotted.

Amount Liquidated: $2,108.8

Price Level: $2.343.

This indicates that traders holding short positions underestimated the upward momentum of $WLD . The sudden spike in price triggered these liquidations, forcing positions to close and further fueling the bullish rally.

Why is this Significant.

1. Market Sentiment Shift: This event suggests that bullish pressure is overpowering shorts, indicating possible strong buying interest at higher levels.

2. Short Squeeze Risk: If more shorts get liquidated, it could lead to a rapid price spike as shorts scramble to cover their positions.

Key Levels to Watch.

Resistance Zone: $2.31 - $2.35

Support Zone: $2.15 - $2.20

What’s Next.

1. Breakout Scenario: If $WLD sustains above $2.31, we could see a strong rally towards $2.50+.

2. Reversal Risk: A rejection at this level might bring the price back to test the $2.20 support.

Stay vigilant and plan your trades wisely. Would you like detailed technical analysis or strategies to capitalize on this trend.

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