Explosive Market Alert: $EOS Short Liquidation at $0.916!
A $4.1578K short position on EOS has been liquidated at $0.916, signaling intense bullish momentum as sellers face heavy losses.
This liquidation highlights a critical breakout level, with $EOS potentially preparing for its next major price swing.
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Key Details:
Liquidation Amount: $4.1578K
Liquidation Price: $0.916
Market Sentiment: Bullish, with strong buying activity overpowering short positions.
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Next Move:
1. For Long Traders:
If EOS sustains above $0.920, consider entering long positions.
Target $0.950-$0.970 as the next resistance zone.
Set a stop-loss at $0.900 to protect against sudden reversals.
2. For Short Traders:
Monitor for rejection near $0.950-$0.970 before entering short positions.
Use a stop-loss at $0.980 in case of continued bullish pressure.
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Strategic Outlook:
A sustained rally above $0.920 could lead to further liquidations and accelerate the bullish trend.
However, a failure to hold this level might result in a pullback to $0.900 or lower, creating opportunities for bearish trades.
Stay sharp—$EOS is in the spotlight, and the market is moving fast!