Momentum Surge: $FET Shorts Crushed as $7.48K Liquidated at $1.35213!
The market just delivered a blow to $FET bears as $7,485.40 in short positions was liquidated at $1.35213, fueling speculation of a strong recovery.
This liquidation reflects growing bullish momentum and could trigger a further upward push.
Key Details:
Liquidation Amount: $7,485.40
Liquidation Price: $1.35213
Market Impact: Short squeeze in progress, driving bullish sentiment higher.
Next Moves to Consider:
1. Follow the Trend: Bullish traders can ride the momentum but should use tight stop-losses to mitigate potential pullbacks.
2. Watch Resistance Levels: Keep an eye on $1.40 as a critical test for further upside.
3. Volume Confirmation: Look for strong trading volume to confirm sustained bullish action.
4. Avoid Premature Shorts: Don’t counter the trend until signs of reversal are clear—short squeezes could continue.
With shorts squeezed and bulls taking charge, $FET could be entering a breakout phase. Stay sharp, as opportunities are unfolding fast!