$AXL Short Liquidation Alert.

Massive Short Liquidation.

A staggering $1,091.7K worth of positions have been liquidated at the price $0.7034.

What Happened.

Traders betting against $AXL (short sellers) faced an intense squeeze as the price hit the liquidation level. This indicates strong buying momentum, likely caused by:

1. Bullish Sentiment: Rising demand pushed prices beyond key resistance levels.

2. Short Squeeze: Liquidations forced shorts to cover their positions, driving prices even higher.

Key Insights.

Liquidation Price: $0.71076.

Volume Liquidated: $1.0917K (high for short positions).

Market Impact: Short liquidations often lead to temporary upward price movements.

What’s Next.

1. Support Level: $0.7000 – This level could act as the new base if buying pressure sustains.

2. Resistance Level: $0.7500 – Bulls need to break this for further upside momentum.

3. Volatility Alert: Expect increased market activity in the short term.

Are you riding the $AXL wave, or are you watching from the sidelines? Stay sharp, and let’s dominate these markets.

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