Massive Short Liquidation Hits $ARKM

In an unexpected turn of events, saw short sellers squeezed out as a significant $5,800.4K liquidation occurred at a price of $1.580. Traders betting against were caught off guard, fueling intense market volatility.

What Happened.

This liquidation means short traders who were expecting $ARKM price to fall below $1.55051 faced forced closures of their positions due to price movement against their predictions. As a result, the price spiked, triggering a wave of cascading liquidations.

What Does This Mean for Traders.

1. Short Squeeze in Play: The liquidation indicates that bullish momentum is overpowering bearish sentiment in the short term.

2. Increased Volatility: Expect sharp price movements as both bulls and bears battle for control.

3. Support Zone Around $1.55: This level could act as a key price zone where buyers are stepping in strongly.

How to Position Yourself Now.

Buy Zone: Look for potential entries if $ARKM dips near $1.50-$1.52 for a short-term bullish rebound.

Target Levels: Aim for profit-taking around $1.60-$1.65 if the momentum sustains.

Stop-Loss: Keep a stop-loss slightly below $1.48 to protect against downside risk.

Market Sentiment:

The liquidation event is likely to attract more traders, increasing volume and volatility. Stay sharp, as this could be the start of a major rally or a trap for overzealous buyers.

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