$BSW the crypto volatility strikes again
significant $2.227K short position in was just liquidated as the price reached $0.0820
What Happened
Liquidation Trigger Short traders betting on a price drop faced the heat as rallied and triggered liquidation levels.
Current Price Range Hovering around $0.08141, indicating a potential upward momentum.
Market Sentiment Bulls seem to be gaining control, with stop hunts targeting shorts
What’s Next
For Traders
If you're in the market, assess the liquidation cascades and keep an eye on resistance levels near $0.0820
Bulls may target $0.085, but watch out for retracements to support at $0.079.
Market Insights
Liquidation events often lead to price volatility Expect sharp movements and increased trading volume.
Strategy Suggestion
Scalpers Ride the volatility with tight stop losses
Swing Traders Look for confirmation of breakout levels before entering
Hedgers Monitor leverage to avoid overexposure during such spikes