$NOT Short Liquidation Alert
Coin: $NOT
Liquidation Value: $1.3022K
Price Level: $0.00674
Here’s a detailed analysis of this NOT short liquidation:
Price Action: NOT surged above $0.00670, triggering a short liquidation worth $1.3022K at $0.00674. This indicates strong buying pressure and a reversal of bearish sentiment, with shorts caught off-guard by the price increase.
Volume Activity: Trading volume surged by 20%, showing heightened trader activity as shorts were forced to cover their positions, further fueling the upward momentum.
Market Sentiment: The sentiment has shifted to bullish, with the next resistance level at $0.007. The rapid liquidation suggests that market participants are now focused on potential further gains.
Opportunity for Traders:
If NOT maintains its price above $0.00670, it may present a buying opportunity, targeting $0.007 and $0.0072.
A failure to sustain the level might see a pullback to $0.00650, but the outlook remains positive for now.
Key Insight: The short liquidation signals a shift in market dynamics, with bulls taking control. A move past $0.007 could accelerate the upward trend.
Price Targets:
Upside Potential: $0.007 - $0.0072
Risk Zone: Below $0.00670, potential pullback toward $0.00650
NOT is gaining momentum—watch for the next breakout!
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