Liquidation Alert: $109K Short Wiped Out on $FTM !

A massive $109,000 short position on Fantom (FTM) was liquidated at the pivotal price of $0.990, sending shockwaves through the market.

This major move underscores the power of bullish momentum as $FTM continues to defy bearish pressure.

Market Breakdown:

Liquidation Size: $109,000

Liquidation Price: $0.990

Momentum Surge: Strong buying pressure sweeping out shorts, hinting at potential bullish continuation.

This liquidation highlights a decisive battle between bulls and bears, with bulls seizing the upper hand.

Such significant liquidations often signal critical turning points and could indicate further price rallies ahead.

Lesson for Traders:

The crypto market鈥檚 volatility can strike hard and fast. Effective risk management and closely monitoring key price levels are essential to avoid getting liquidated.

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