$ADA Short Liquidation: $1.8912K Wiped Out at $0.9456 – Bulls Seize Control!
In a dramatic shift, $1.8912K worth of short positions in $ADA were liquidated at $0.9456.
This sharp move signals a surge in bullish momentum, forcing bears out and setting the stage for a potential breakout.
Key Details:
Liquidation Amount: $1.8912K
Liquidation Price: $0.9456
Market Sentiment: Bullish momentum accelerates, with the market gearing up for a key resistance test.
What’s Next?
For Bulls:
Watch for a strong move above $0.9500, which could trigger further gains toward $0.9600 and $0.9700.
Volume will be crucial—ensure buying pressure continues to support the move higher.
For Bears:
Keep an eye on $0.9600 or $0.9700 as critical resistance zones. A failure to break higher could lead to a pullback toward $0.9300.
Look for bearish divergence or signs of exhaustion before considering new short entries.
Strategic Moves:
Long Entry: Enter above $0.9500, aiming for targets at $0.9600 and $0.9700.
Short Entry: Watch for rejection at $0.9600 or $0.9700 before considering a short position.
Stop-Loss Recommendations:
For Longs: Place a stop-loss below $0.9300 to protect against sudden downward movements.
For Shorts: Set a stop-loss above $0.9750 to guard against unexpected bullish surges.
$ADA is heating up—stay vigilant, follow the trend, and position yourself for the next big market move!