🚨$VIDT Short Liquidation Alert! 🚨
💥 Amount Liquidated: $109K
💥 Price Triggered at: $3.775
The $VIDT market just experienced a massive short liquidation at $3.775!
This type of move shows just how quickly things can change, and how important it is to manage your risk.
Shorts getting liquidated means there was a big price spike, and many traders got caught off guard.
🔥 What’s Next?
Potential Buy Zone:
Look for a possible buy zone around $3.50 - $3.60. This area may hold as a support level after the recent liquidation, with the potential for a price bounce.
Target:
If the market moves in your favor, aim for a target around $4.00 - $4.20. This would be a reasonable resistance level, where price could face some pressure.
Stop Loss:
To protect your position, place a stop loss around $3.40 - $3.45. This ensures you're out if the market moves against you, limiting your losses.
⚡ Trade Smart, Manage Your Risk:
Don’t chase the market, stay patient, and use stop losses to protect your capital.
The market can be unpredictable, so it’s crucial to stay focused.
Good luck and keep your risk in check! 📉
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