$BCH Short Liquidation: $18.54K at $543.12
What Happened?
A short position worth $18.54K on Bitcoin Cash (BCH) was liquidated at $543.12.
This shows strong bullish momentum, as sellers were forced out of the market.
What’s Next?
1. Price Movement:
If BCH sustains above $543, the next target is $550–$555 resistance.
A rejection could push BCH back to the $530 support zone.
2. Market Sentiment:
Short liquidation indicates buyers gaining control.
Rising interest from bulls could drive further upside.
3. Key Indicators to Monitor:
Volume: Increased buying activity will confirm strength.
RSI: Overbought levels might signal a short-term pullback.
4. Trade Strategies:
Long Strategy: Enter above $544 with targets at $550 and $555.
Short Strategy: Only consider shorting if BCH drops below $530.
Why It Matters:
Short liquidations fuel rapid price moves, giving traders a chance to profit from the bullish momentum.
Stay ready—BCH is climbing fast!