$COW Short Liquidation Sparks Market Shake-Up!
Key Details:
Liquidation Amount: $6,581.7
Liquidation Price: $0.79231
What’s Unfolding:
A massive $6.5K short liquidation just hit as $COW broke past $0.79231.
This liquidation reflects intense upward momentum, with bears caught off guard by the surge.
The forced buybacks have likely amplified the price spike, signaling bullish dominance in the short term.
Next Move:
1. For Bulls: With this liquidation fueling momentum, aim for the $0.80-$0.82 zone as the next key resistance.
Keep an eye on volume—strong follow-through could indicate a breakout rally.
2. For Bears: Hold fire for now. Look for a rejection near $0.80-$0.82 before considering fresh shorts.
Confirm selling pressure before re-entering.
3. For Neutral Traders: Observe price action near $0.79.
If it consolidates above this level, consider a long entry; a breakdown below $0.78 could signal a short-term pullback.
Pro Tip: Watch for volume spikes—sustained buying could trigger another wave of short squeezes above $0.80.
"The tides have turned—will you ride the wave or miss the move?"