$IOST Massive Short Liquidation Alert.

Short Liquidation: A staggering $2.1619K was just liquidated at the $0.006517 price level.

This massive short squeeze is shaking up the $IOST market, leaving bears trapped and liquidated! Here's the breakdown:

Liquidation Amount: $2,161.90

Price Level: $0.00655

Impact: Short sellers got wrecked as the price pushed higher, triggering forced liquidations.

Why It Matters.

Market Sentiment: This kind of liquidation often sparks momentum, causing a potential rally or continued price action in the opposite direction.

Trapped Shorts: With a large number of shorts liquidated, this could add upward pressure on the price, as those who were short now need to buy back to cover their positions.

What’s Next.

Short-term Target: Watch for a possible retracement or consolidation near this price level. A break above could trigger more liquidations, pushing prices even higher.

Key Support: $0.00655 could become a critical support level moving forward, with bulls looking to hold it.

Stay tuned for more updates as the market reacts to these huge moves.

Keep an eye on $IOST – Are we heading for more liquidations, or will this be a temporary bump.

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