Breaking News: Massive Short Liquidation on $VET

The crypto market just witnessed a $9.12K short liquidation on VeChain ($VET) at a crucial price level of $0.05275.

What Does This Mean.

Short liquidation occurs when traders betting against the price are forced to close their positions due to an upward price move. This could signal a bullish momentum building for $VET

Key Levels to Watch:

Support Zone: $0.0500 - $0.0515 (Buyers might step in here).

Resistance Zone: $0.0535 - $0.0550 (Breakout zone for further rally).

Critical Level: $0.05299 (A potential pivot point for future moves).

What’s Next.

If $VET breaks above $0.055, we might see a strong rally toward $0.058 or higher.

If falls below $0.051, it could retest lower levels like $0.049.

Your Move:

Stay vigilant! This short liquidation could lead to a short squeeze, driving prices even higher. Set your stop-losses and targets wisely if you’re trading $VET.

What’s your prediction for $VET Will it surge or consolidate.

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