$XTZ Breakout: $64.8K Short Liquidation at $1.646 Sparks Uptrend!
A significant $64.8K short position was liquidated at $1.646, showcasing strong bullish momentum as sellers retreat.
This could be a catalyst for further gains, with bulls taking charge of the market.
Strategic Outlook & Trading Suggestions:
1. For Buyers:
If $XTZ maintains above $1.64, it could target $1.70 or even $1.75 in the short term.
Look to accumulate around $1.64–$1.66, with a protective stop-loss below $1.60.
2. For Sellers:
Watch for resistance near $1.70. A failure to break this level may result in a correction toward $1.60.
Enter short positions cautiously, as current momentum favors buyers.
Crucial Price Zones to Watch:
Support Levels: $1.60, $1.58
Resistance Levels: $1.70, $1.75
XTZ is charging ahead—stay prepared for quick opportunities and adjust your strategy based on price action!
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