$ICP Massive Liquidation Alert.

A staggering $1,145,200 worth of short positions has just been liquidated at the price level of $10.616 for Internet Computer

This major move indicates intense buying pressure that forced shorts to cover their positions, fueling the price upward. Such liquidations often create a short squeeze, driving momentum as traders rush to close their losing bets.

What Does This Mean for ICP?

1. Bullish Momentum:

The liquidation hints at a strong upward trend as bears lose control.

If this momentum continues, $ICP could break key resistance levels.

2. Key Levels to Watch:

Resistance: $11.00 and $12.50.

Support: $10.50 and $10.20.

3. Market Sentiment:

The liquidation signals increased confidence among bulls.

Traders should monitor volume spikes and whale activities.

What’s Next.

Short-term traders: Watch for a potential retracement before another upward push.

Long-term holders: This liquidation could mark the start of a significant rally.

Stay vigilant and trade smart $ICP

volatility might create new opportunities.

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