Massive Short Squeeze: $WIF Liquidates $103K at $1.574!
A powerful rally in $WIF triggered a massive $103,000 worth of short positions to be liquidated at $1.574, sending the price soaring.
What Led to the Liquidation?
1. Bullish Surge: A sharp price increase forced short traders to cover their positions.
2. Short Squeeze: The liquidation amplified the upward momentum, driving prices higher.
Key Levels to Watch for WIF
Support Zone: $1.55 could be a strong base to maintain the bullish momentum.
Resistance Zone: A move above $1.60 would signal a potential continuation of the rally.
Market Sentiment
With this massive short squeeze, WIF could be poised for further gains. Will the bulls continue to push higher, or is a pullback coming? The market is in motion—stay alert!