$XLM Short Liquidation Alert
staggering $2,143.4 worth of XLM shorts were just liquidated at a pivotal price of $0.3490
Bulls are flexing their strength as the market takes a decisive turn upward!
Key Information
Asset XLM
Liquidation Type Short
Liquidation Value $2,143.4
Liquidation Price $0.3490
What Does This Mean
A short liquidation occurs when the price rises above the level where leveraged traders betting on a price drop can no longer sustain their positions.
This often indicates strong bullish momentum, potentially leading to further upward movement.
Implications for Traders
The $0.34824 level now acts as a key zone to watch, as shorts have been squeezed out here. A breakout could attract more buyers, while resistance could slow the rally.