$ALT SHORT LIQUIDATION:

A staggering $1.156K worth of shorts got liquidated at a price of $0.12114.

This sudden movement hints at a bullish breakout or a possible liquidation hunt. The price spike likely caught short traders off guard, forcing them to exit their positions as the market moved against them.

What does this mean for $ALT traders.

1️⃣ Market Sentiment Shift: Liquidations often indicate rising volatility. The move could signal increased bullish interest or a whale manipulating prices to trigger stop-losses.

2️⃣ Price Action Insight: The liquidations at $0.12225 might act as a key level for future price movements.

Above $0.12225: Potential for more upward momentum.

Below $0.12225: Bears might regain control, aiming for support zones.

Next Steps for Traders:

For Longs: Keep an eye on support at $0.1200 and resistance at $0.1250.

For Shorts: Use tight stop-loss levels. A break above $0.1250 could fuel a stronger rally.

Risk Management: Liquidation events like this are risky trade wisely.

What's your strategy for $ALT after this liquidation event.

Share your insights below.

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