$CKB Short Liquidation Alert
Liquidation Amount: $1,208.4
Liquidation Price: $0.01106
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Key Details:
1. Short Liquidation Surge: A total of $1.21K in ckb short positions was liquidated at $0.01106, indicating a wave of bullish momentum.
2. Resistance Flipped?: The $0.01106 level may act as a key pivot point, potentially turning into support if bullish pressure sustains.
3. Potential Short Squeeze: The liquidation of short positions could drive prices higher as sellers are forced to buy back, fueling the rally.
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Next Move Suggestions:
1. Monitor $0.01106 Closely: If $CKB holds above this level, it could signal a continuation of upward momentum.
2. Scalp Long Positions: Consider entering long trades on pullbacks with proper stop-losses below $0.01106.
3. Beware of Rejection: Watch for signs of exhaustion near resistance levels. If the price fails to hold above $0.01106, a reversal could follow.
4. Volume Confirmation: Increased buying volume at $0.01106 may confirm bullish strength, while low volume could suggest a false breakout.
5. Risk Management: Use trailing stops to lock in gains and protect against sudden price reversals.
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Pro Strategy:
Look for Breakouts: A clean break above $0.01106 with sustained volume could attract more buyers, pushing prices higher.
Watch Market Sentiment: Short liquidations often spark temporary rallies—stay cautious of potential overextension.
Avoid Overleveraging: Keep trades small and controlled, as markets remain unpredictable during liquidations.
The $CKB bulls are flexing—stay sharp and capitalize on the opportunity!