$AAVE Short Liquidation Alert.
Amount Liquidated: $2,059.30
Price Level: $326. 89.
The market just witnessed an intense liquidation, wiping out short positions on $AAVE. As the price surged to $316.808, bears were forced to close their positions, causing a cascade of liquidations.
What Does This Mean.
For Bulls: This could indicate rising bullish momentum. $AAVE price might push higher as bears exit the market, opening the door for further upside.
For Bears: Time to tread cautiously. $AAVE is gaining strength, and short positions are getting punished.
Next Levels to Watch:
📈 Resistance: $320-$325
📉 Support: $305
Trading Strategy:
Bulls: Look for a breakout above $320 for a potential rally.
Bears: Wait for a rejection below $325 before considering re-entering shorts.
Stay alert, traders.
The next moves could be explosive.
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