Massive Liquidation Alert for $RUNE

A jaw-dropping $6,352K in short positions just got wiped out at a crucial level of $4.905. This liquidation wave is sending shockwaves through the market, and here's why it matters:

What Happened.

Short sellers betting on $RUNE's price decline underestimated the bullish momentum. As climbed higher and breached the liquidation threshold of $4.9355, short positions were automatically closed by exchanges to prevent further losses, resulting in a cascade of forced buying.

Why is This Important.

1️⃣ Liquidity Surge: Liquidations often create a snowball effect, pushing prices even higher as exchanges buy back assets to cover shorts.

2️⃣ Market Sentiment: This event signals strong bullish sentiment, with buyers overpowering sellers at key resistance levels.

3️⃣ Technical Implications: A short squeeze like this can lead to explosive upward momentum if buyers continue to dominate.

Key Levels to Watch for $RUNE

Current Level: $4.9355

Resistance: $5.20 - $5.50 (Potential selling pressure zone)

Support: $4.75 - $4.85 (Key buying zone in case of retracement)

Next Move.

Bullish Scenario: If breaks and holds above $5.20, the next target could be $5.50 or even $6.00, driven by FOMO and bullish momentum.

Bearish Scenario: If sellers regroup and push the price below $4.85, we could see a retest of $4.75.

Stay sharp, traders! The battlefield is heating up, and this short liquidation event could just be the beginning of a thrilling ride. Where do you think $RUNE is headed next? Share your thoughts below.

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