$ADA Short Liquidation: $5.5405K at $1.14142
#ADA has triggered a short liquidation of $5.5405K at $1.14142, signaling a potential for bullish momentum. The liquidation event has added pressure to short positions, which could fuel an upward surge if buying continues to dominate.
📈 Current Price Action: ADA is currently holding at $1.14142, and with shorts being forced to exit, there is a high chance that the price could rise towards $1.15 or even $1.17. A sustained move above $1.15 could lead to further bullish acceleration.
⚡ Volume Surge: Keep a close eye on the volume. A volume surge will confirm the strength of the bullish move and could signal the start of a strong rally toward the $1.15–$1.20 range.
💡 Risk Management: Watch for support at $1.13. If the price breaks below this level, it could signal a pullback, so having your stops set to protect against a potential reversal is essential.
🚀 Upside Potential: If ADA maintains its bullish momentum and breaks through $1.15, we could see a move toward $1.20 or higher.
The short squeeze is in play, creating exciting opportunities. Be ready for rapid price changes and take advantage of the potential surge!