$POL Short Liquidation Alert!
A $5.6051K short position was liquidated at $0.60832, showing strong buying momentum as bears were forced to exit.
Here's what this means and what could come next:
What’s Happening?
Short Liquidation: A clear sign of bullish strength, with buyers dominating.
Momentum Building: If this trend holds, price could push higher.
Key Levels to Watch
Resistance: $0.6200 – Breaking this level could spark a larger rally.
Support: $0.6000 – Buyers may defend this zone if prices dip.
What’s Next?
For Long-Term Holders: Watch for consolidation above $0.60832 to confirm strength.
For Traders:
Enter on a breakout above $0.6200 for a safer play.
Use a stop-loss below $0.6000 to manage risk in case of reversals.
Market Context
Continued liquidations of short positions could trigger a price surge.
Keep an eye on volume and overall market sentiment to gauge follow-through strength.
#POL is showing strong potential—this could be the start of a big move!