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Massive Short Liquidation in $ALT
A whopping $3.7419K worth of shorts just got liquidated at the critical price of $0.07139.
What does this mean?
Short sellers betting against ALT were forced to exit their positions as the price moved against their expectations, breaking through their liquidation levels. This could indicate strong bullish momentum, as buyers overpowered the sellers in this critical zone.
Key Levels to Watch:
Support Zone: $0.0700 – $0.0710
If $ALT stays above this range, we might see further upward movement.
Resistance Levels: $0.0725 and $0.0740
These are the next targets for bulls. Breaking these could push ALT to new highs.
Market Sentiment:
This liquidation suggests bullish sentiment is taking control of $ALT, as traders and institutions may be eyeing this asset for further upward movement.
Trading Tips:
Watch for volume spikes near the resistance zones.
Use stop-loss orders below the support to manage risk.
Stay updated on market news as $ALT momentum builds.
#ALT/USDT #BinanceAlphaAlert
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$ALT Liquidation Update: Bears on the Run
A massive short liquidation has shaken the market, with ALT leading the charge. Liquidations worth $4.2377K were recorded at a pivotal price of $0.0719.
Key Insights on $ALT:
A bearish bet on ALT has been crushed, triggering this significant liquidation event.
Volume is climbing, hinting at increased interest and volatility in the market.
Momentum could drive $ALT to test the $0.08 resistance zone.
Market Outlook:
If bulls take control, ALT could surge beyond $0.08. However, failing to hold above $0.071 may lead to further consolidation.
What’s Next?
With $ALT showing heightened activity, the opportunity for traders to ride this volatility is immense. Are you ready to act, or will the market leave you behind?
#ALT #SOLETFsOnTheHorizon #USConsumerConfidence #USTaxExemptionPlan
#JUPBuybacks
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