$EOS SHORT LIQUIDATION ALERT!
Liquidation Amount: $5,081.7
Price Triggered: $0.9153
The EOS market just witnessed a major short liquidation at $0.916, sending shockwaves through traders! With bears losing grip at this price level, bulls might seize the opportunity to push $EOS higher.
What does this mean.
A short liquidation occurs when traders betting on a price drop are forced to exit their positions.
The trigger price of $0.916 is a key level where short sellers couldn't hold their margin.
Technical Breakdown:
Support Zone: $0.910–$0.920
Resistance Levels: $0.940, $0.960
Potential Upside Target: $0.98–$1.00 if bulls maintain momentum.
Watch Out:
A drop below $0.910 could invite fresh selling pressure.
Keep an eye on volume spikes and overall market sentiment for confirmation of a trend reversal.
Conclusion:
The liquidation at $0.916 could signal a turning point. Will EOS break out and reclaim $1.00, or will bears make a comeback? Time to stay vigilant in the market.
Share your thoughts: Are you bullish or bearish on $EOS after this liquidation.
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