$COS S Short Liquidation: $1.0038K at $0.0106
A huge $1.0038K short liquidation just hit at $0.0106 for $COS, sending a shockwave through the market.
This unexpected move is a reminder of the volatility traders face when betting against the trend.
Next Move?
Watch for Rebound: If $COS holds above $0.0100, there could be a potential bounce.
Consider looking for buying opportunities if the price stabilizes.
Caution with Shorts: Short positions may now be risky—wait for clear confirmation of resistance before attempting to short again.
Risk Management: With liquidations happening fast, ensure your positions are well-managed and stop losses are in place.
Stay vigilant and trade with caution!