$TURBO Short Liquidation: $5.0474K at $0.01416

A short liquidation worth $5.04K occurred as TURBO surged to $0.01416,

triggering forced buybacks for over-leveraged short positions.

Details:

Type: Short Liquidation

Amount: $5.0474K

Price: $0.01416

What Happened?

A sudden price spike led to the liquidation of short positions, adding more buying pressure and pushing the price higher temporarily.

What’s Next?

1. Resistance Zone: $0.0145–$0.015

Bulls need to break this level to sustain momentum.

2. Support Zone: $0.0135–$0.014

Watch for pullbacks to these levels as potential re-entry zones for buyers.

Trading Strategy:

For Bulls:

Use the pullback near $0.0135 as an entry point.

Set a target above $0.0145 with a stop-loss below $0.013.

For Bears:

Monitor for rejection at resistance zones to explore short opportunities.

Market Outlook:

The short liquidation reflects strong bullish momentum,

but staying cautious at resistance levels is essential.

Look for confirmation signals before entering trades.

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