$EOS Short Liquidation at $0.948 – A Thrilling Turn in the Market.

Liquidation Alert.

EOS traders just witnessed an exciting twist as $7,328.5 worth of short positions were liquidated when the price spiked to $0.9442. This sudden movement reflects bullish pressure building in the market, leaving short sellers scrambling for cover.

What Happened.

Short liquidation occurs when bearish traders betting on a price drop are forced to close their positions as the price rises. This triggers a cascade of buy orders, fueling a price rally.

Liquidation Value: $7,328.5

Price Level: $0.948

Such a significant liquidation at a relatively small price spike indicates potential volatility and possibly a squeeze in progress.

What’s Next for $EOS

1. Immediate Support Zone

Key Level: $0.90

If bulls fail to sustain momentum, this level could act as a retest zone.

2. Resistance to Watch.

Key Level: $0.95-$0.98

Breaking above this range might open the door for a rally toward $1.00, a psychologically critical level.

3. Buy Opportunity.

For risk-tolerant traders, consider buying in the $0.92-$0.94 zone, targeting $1.00 with a stop-loss at $0.89.

Thrill Factor.

With $EOS attracting attention from whales and short liquidations adding fuel, this could be the start of a broader bullish trend. Watch the price action closely, as the next moves could bring more thrilling surprises.

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