$NFP Short Liquidation Shockwave! Bulls Tighten Their Grip!
A notable $2,522.3 worth of NFP shorts were liquidated at $0.31267, marking a pivotal moment as bulls overpower bears.
This liquidation signals strong buying momentum and growing pressure on short sellers.
Key Details:
Liquidation Amount: $2,522.3
Liquidation Price: $0.31267
Market Context: $NFP price action reveals a bullish breakout attempt, with shorts being squeezed out near a key level.
Traders should watch for further upside moves as bulls aim for higher targets.
Next Move:
For Bulls (Long Traders): If NFP holds above $0.315, the next resistance lies at $0.325 or $0.33.
Consider entering on dips near $0.31, with volume confirmation to support the upward trend.
For Bears (Short Traders): Wait for signs of rejection near $0.325–$0.33 before re-entering.
Shorting too early could lead to significant losses if bullish momentum persists.
Suggested Stop-Loss:
For Longs: Set a stop-loss at $0.305 to protect against a sudden reversal.
For Shorts: Use a stop-loss above $0.335 to minimize losses in case of a breakout.
$NFP is on the move—keep a close eye as the battle between bulls and bears heats up!