Big Moves in the Market: $GAS Short Liquidation Alert.

just experienced a major short liquidation worth $3,553.7 at $5.320.

What Happened.

Short Liquidation: Traders betting against (expecting the price to drop) got liquidated at the key level of $5.29845.

When the price surged beyond this point, their positions were force-closed, injecting significant buying pressure into the market.

Current Market Status:

Price Range: $GAS is gaining momentum, breaking resistance levels as short positions crumble.

Volatility Alert: Such liquidations often trigger wild price swings, so buckle up!

Next Levels to Watch:

1. Support: If prices retrace, look for support near $5.00.

2. Resistance: Bulls might aim for the next resistance at $5.50 - $5.75.

For Traders:

Momentum Strategy: Consider entering if momentum continues above $5.30.

Caution: Set tight stop-losses, as reversals could be sharp.

Pro Tip: Keep an eye on liquidations as they can signal a shift in market sentiment. This $GAS move could be the start of something bigger.