Massive Short Liquidation in $NOT

A huge short liquidation just went down in the market, with a staggering $6.6039K liquidated at the price of $0.006658.

Here’s what happened:

Short Liquidation Amount: $6,603.90 (Approx. $6.6K)

Price of Liquidation: $0.00666

This could mean a sharp price movement ahead! The market just saw significant forced buying pressure as these short positions were liquidated, possibly pushing the price higher in the short term.

Why This Is Important:

Short Liquidations often trigger a short squeeze a rally caused when traders who bet against the market are forced to buy back to cover their positions, adding fuel to the fire.

A massive liquidation like this could lead to a sudden surge in prices as market participants scramble to close their positions.

Keep a close eye on the $NOT price action! This kind of liquidation event is a key signal for potential bullish momentum.

Key Levels:

Support Zone: Watch for price to hold above the $0.0066 level. If this holds, the market could rally further.

Resistance: Watch out for resistance zones above $0.007 as the buying pressure mounts from short squeezes.

This is the kind of volatile event traders love to track.

Will $NOT rise to the occasion? Or will it fall back down? Time will tell.

#NOT #BinanceAlphaAlert #SolvProtocolMegadrop #BitcoinInSwissReserves #MicroStrategyStockSale