$FTM Short Liquidation: $5.0982K at $1.43651!

Details:

Type: Short Position Liquidation

Liquidated Amount: $5.0982K

Price Level: $1.43651

What Happened?

FTM experienced a price rally, triggering short sellers to cover their positions at $1.43651.

The liquidation amplified buying momentum, pushing FTM higher.

What’s Next?

1. Key Levels to Monitor:

Resistance: $1.45 – Breaking above could lead to a move toward $1.50.

Support: $1.42 – Holding here signals bullish strength.

2. Market Sentiment:

Bullish: Liquidation highlights growing buyer interest.

Next Target: Sustained demand might test $1.50 resistance soon.

3. Action Plan for Traders:

For Buyers: Watch for pullbacks near $1.42 for potential entries.

For Sellers: Be cautious; wait for resistance rejection signals before re-entering shorts.

Conclusion:

FTM’s bullish trend gains momentum as short liquidations push prices higher.

Keep an eye on $1.45 and $1.50 for breakout opportunities. Plan your trades with precision to navigate volatility!

#MarketNewHype #ETHHits4KAgain #BTCNewATH #MicroStrategyJoinsNasdaq100 #CryptoUsersHit18M