$APE Short Liquidation Alert.

A wave of short liquidations just swept through ApeCoin ($APE) traders, leaving many stunned! $1,353.9K worth of short positions were liquidated as $APE reached a critical price level of $1.239.

What Happened.

This price surge likely caught bears off guard, forcing them to close their positions at a loss. A short squeeze of this magnitude often points to strong buying pressure, potentially fueled by whales or bullish market sentiment.

Key Insights:

Liquidation Level: $1.2353

Liquidated Shorts: $1.3539K

Cause: Likely due to aggressive buying pressure or technical breakout above resistance levels.

Technical Outlook:

Support Zone: $1.20 - $1.23

Resistance Levels: $1.30, followed by $1.35

Momentum: Bullish (for now), but volatility remains high.

For Traders:

If you're bullish: Look for pullbacks around $1.20 for potential entries.

If you're bearish: Keep an eye on resistance zones and market-wide sentiment before re-entering.

Caution:

The market remains highly volatile. Ensure proper risk management to avoid being the next liquidation victim.

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