$WIF Breaks Barriers: $1.1378K Shorts Liquidated at $1.86983!
In a stunning move, $1,137.8K worth of WIF short positions were wiped out at the critical level of $1.86983, signaling a sharp bullish resurgence.
Traders betting against WIF were caught off guard as the price surged, triggering liquidations and fueling even more buying pressure.
Why This Matters:
The liquidation event highlights a strong demand zone for $WIF and a possible shift in market sentiment toward bullish momentum.
This could indicate the start of a larger rally, with traders and whales stepping in to capitalize on the upward trend.
Next Move:
1. For Bulls: Look for consolidation above $1.87. If the price holds, this could act as a springboard for the next leg higher, targeting $2.00 or beyond.
2. For Bears: Be cautious. Wait for signs of exhaustion around resistance zones near $1.90 or $2.00 before re-entering short positions.
3. For All Traders: Monitor volume and order book activity closely. Tight stop-losses are essential as volatility could remain high.
Key Takeaway:
This liquidation could be the start of a new $WIF rally.
Stay alert for breakout signals and ride the wave strategically!