Massive Liquidation Alert.

$WIF Short Liquidation Spikes at $1.0028K.

Liquidation Price: $1.578

Short traders in just faced a major blow as $1,002.8 worth of shorts were liquidated at the critical level of $1.5721. This indicates a strong upward momentum, wiping out bearish positions and pushing bulls into control.

What Does This Mean.

1. Short Liquidation Explained:

When the price of $WIF rises above $1.5721, traders holding short positions are forced to exit, often by buying back the token at a loss. This creates additional buying pressure and may fuel further price spikes.

2. Why It Happened:

The market likely encountered:

Unexpected bullish news or sentiment.

Breakout above key resistance levels.

3. What’s Next for $WIF?

Resistance Zone: Watch out for $1.60 - $1.65, as sellers may attempt to regain control.

Support Levels: If $WIF retraces, look for a potential bounce near $1.50 or $1.45.

Pro Tip for Traders:

Bulls: Monitor for volume surges and hold positions if $1.5721 sustains.

Bears: Wait for rejection at resistance before re-entering shorts.

Actionable Strategy:

If bullish momentum continues, buy above $1.58 with a target of $1.65, but set a tight stop-loss at $1.55 to protect against sudden reversals.

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