Breaking: $IOTA Short Liquidation Spikes to $10.149K at $0.2825
A whopping $10,149K in short liquidations has just been triggered at $0.2825, sending shockwaves through the iota market.
This massive squeeze signals a sudden surge in bullish momentum, catching bears off guard and intensifying volatility.
Key Insights:
The liquidation size highlights significant whale involvement, pointing to a rapid reversal in sentiment.
The $0.2825 level is now a critical pivot point, with buyers aggressively defending this price zone.
The squeeze could trigger further buying pressure, pushing $IOTA toward higher resistance levels.
Suggested Next Move:
1. For Long Traders: Momentum is on your side. Target the $0.2850 - $0.2900 zone, but stay cautious of profit-taking near $0.3000.
2. For Short Traders: Hold off on re-entering until iota approaches overbought conditions. Key resistance to watch: $0.2950 - $0.3000.
3. For Neutral Observers: Monitor price action near $0.2800.
If the bulls lose steam, this could be an opportunity to catch a retracement.
The $IOTA market is electrified by this liquidation event—expect more action as traders reposition for the next big move!