Short Liquidation Alert.

A whopping $2,531.5K ($2.53M) worth of Lido DAO ($LDO ) was liquidated at a key price level of $2.025. Traders who were shorting LDO at this level faced massive losses as the market turned against them, triggering liquidations on a large scale.

What does this mean for the market.

1. Short Squeeze Potential: This large liquidation indicates that a significant amount of short positions have been wiped out, which could fuel a short squeeze and push prices higher as bears are forced to cover their positions.

2. Support Zone at $2.03: The $2.03 level is critical. Buyers may find it attractive, as it's a level that caused massive liquidations.

3. Momentum Shift: The liquidation event could signal bullish momentum, especially if $LDO starts climbing above this price level with volume.

Key Levels to Watch.

Immediate Resistance: $2.10 - A break above this could trigger another leg up.

Support Zone: $2.00 - Watch for a retest of this psychological level.

Next Targets:

Bullish: $2.15, $2.30, $2.50

Bearish: $1.90, $1.75

The crypto market never fails to surprise, and this liquidation just added fuel to the fire! Are you ready for the next move.

#LDO/USDT #BinanceAlphaAlert #CryptoReboundStrategy #SUIHitsATH #BitcoinHashRateSurge