$ATOM Short Liquidation: $18.867K at $9.03!

Details:

Type: Short Position Liquidation

Liquidated Amount: $18.867K

Price Level: $9.03

What Happened?

ATOM’s price experienced a sharp rise, triggering the liquidation of short positions at $9.03.

The liquidation intensified buying momentum, pushing the market higher.

What’s Next?

1. Key Levels to Monitor:

Resistance: $9.20 – A breakout could lead to a rally toward $9.50.

Support: $8.85 – Holding above this level indicates continued bullish strength.

2. Market Sentiment:

Bullish: Increasing buy pressure and liquidations suggest strong market interest.

Next Target: Sustained momentum may see ATOM testing $9.50.

3. Action Plan for Traders:

For Buyers: Look for consolidation near $8.85-$9.00 for a safer entry point.

For Sellers: Wait for resistance near $9.20 or a clear reversal signal before shorting.

Conclusion:

ATOM’s upward trend is backed by strong demand and short liquidations.

Watch key levels like $9.20 for breakout opportunities while managing trades carefully in this volatile environment!

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