$GMT Alert! Massive Short Liquidation!
A whopping $1.2115K worth of shorts liquidated at $0.1787!
The market just witnessed a dramatic move, catching many traders off guard.
The liquidation at this level signals intense buying pressure, pushing shorts to their breaking point.
What Happened?
Price Movement: The $GMT token surged to $0.17762, triggering significant short liquidations.
Liquidation Amount: $1,211.50 worth of short positions wiped out in a single swift move.
Reason: Possible factors include:
1. A sharp market reversal.
2. Unexpected whale activity.
3. Increased buying momentum or positive news surrounding $GMT.
What’s Next?
Bullish Scenario:
If this liquidation sparks further confidence, the price might aim for resistance at $0.185-$0.190.
Watch out for potential breakouts, especially if trading volume surges.
Bearish Scenario:
If this was a short squeeze with no follow-through, the price might retrace to $0.170-$0.165 support zones.
Trading Tips:
Support Zone: $0.165 - $0.170
Resistance Zone: $0.185 - $0.190
Next Key Levels:
Buy Zone: Look for opportunities near $0.165 if the price retraces.
Stop-Loss: Set below $0.160 to limit downside risk.
Targets: $0.185 (short-term), $0.200 (mid-term).
Stay vigilant, traders! The market is heating up, and $GMT could be in for a wild ride. Will you catch the next big move?
Let me know if you need more details or insights!