$CETUS witnessed an intense short liquidation of $1,448.9 at the critical level of $0.3829. Traders who bet against the market were swept out, proving that volatility remains king in the crypto world.
What does this mean.
A short liquidation occurs when short traders are forced to buy back their positions, pushing the price upward.
Liquidation Level: $0.38618
Value Liquidated: $1,448.9
Market Outlook:
1. Support Zone: The liquidation level around $0.386 could act as a key support.
2. Resistance Ahead: Watch for hurdles at $0.40-$0.42 if the price climbs.
3. Volatility Alert: Sudden liquidations like these could signal further market moves, so stay vigilant.
Trading Tips for $CETUS
Buy Zone: $0.370–$0.380 for cautious entries.
Targets: $0.400, $0.420, and $0.450 for profit-taking.
Stop Loss: Below $0.360 to minimize risks.
Pro Tip: Always monitor liquidation levels and open interest to anticipate where the market may move next.
The market is alive, and the battle between bulls and bears rages on! Are you ready to ride the waves of $CETUS
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