$DOT SHORT SQUEEZE: $52K LIQUIDATED AT $7.106
Polkadot ($DOT just delivered a heavy blow to the bears as a $52,000 short position was liquidated at $7.106!
With shorts forced out, bullish momentum is building, and this could mark the beginning of a major move upward.
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Key Details
Liquidation Size: $52,000
Liquidation Price: $7.106
Market Sentiment: Shorts are getting squeezed, which could pave the way for a breakout if buying pressure continues.
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What’s Next?
1. Resistance to Watch: $7.20-$7.25 is the key zone. If $DOT breaks above, the next target could be $7.40-$7.50.
2. Support Levels: If the price retraces, watch for a bounce around $7.05-$7.10 for a potential reentry.
3. Volume Confirmation: Look for a significant increase in trading volume to confirm the momentum is sustainable.
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Pro Tip: Polkadot is showing bullish strength, but always manage your risk!
Use tight stop-losses and consider scaling into positions.
The bulls are gaining control—don’t miss the ride!