$FLOKI Short Liquidation: $17.498K at $0.22525!

Details:

Liquidation Type: Short Position

Amount Liquidated: $17.498K

Liquidation Price: $0.22525

What Happened?

FLOKI saw a significant price surge, causing the liquidation of short positions.

Traders who were betting on a price drop had to exit as the price moved against them, resulting in a massive short squeeze.

What’s Next?

1. Key Levels to Watch:

Resistance Zone: $0.23 – The price may face resistance here and could correct.

Support Zone: $0.20 – Watch this level for potential buying interest.

2. Market Sentiment:

Bullish Momentum: The liquidation suggests buying pressure, but watch for any pullbacks at resistance.

Next Target: If momentum holds, FLOKI could aim for $0.25 or higher.

3. Strategies for Traders:

For Bulls: Consider entering near support at $0.20 with a target at $0.23.

For Bears: If price struggles at $0.23, shorting could be a strategy with a target near $0.20.

Conclusion:

FLOKI's short liquidation indicates bullish action.

However, the market may experience short-term corrections. Monitor resistance and support levels for the next move.

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