Breaking News: $1MBABYDOGE Short Liquidation!
A $2.0979K short position just got liquidated at $0.00365, sparking attention in the market!
Key Details:
Asset: $1MBABYDOGE
Liquidation Amount: $2,097.9
Liquidation Price: $0.00365
What This Means:
The liquidation signals strong buying pressure, likely forcing shorts to cover their positions.
This could ignite a short squeeze, driving the price higher in the near term.
The momentum may attract bullish traders looking to capitalize on the breakout.
Next Steps:
1. Monitor Price Levels: Key resistance lies at $0.0038, with potential to rally beyond $0.004 if volume supports.
2. Watch Momentum Indicators: Track RSI and MACD to assess whether the buying pressure sustains or exhausts.
3. Trade with Strategy:
Enter a long position if the price holds above $0.00365, aiming for $0.0038+.
Use stop-loss below $0.0035 to manage downside risk.
Final Thoughts:
$1MBABYDOGE could be at the start of a breakout rally.
Stay sharp and ride the wave, but don’t forget to manage your risk!