💥 $COW Short Liquidation Alert

📉 Liquidation Amount: $5.128K

📍 Liquidation Price: $0.97638

A big short liquidation just hit $COW, causing a sharp price move upward! But will this momentum last, or is a price pullback waiting around the corner? Let’s dive in and look at what could come next.

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📊 Market Insights

With such a large short liquidation, $COW is likely seeing increased buying pressure as shorts cover their positions. This could continue to push the price up, but after such a sharp move, there’s always the risk of a quick retracement before the next leg up. Watch for signs of support to enter safely.

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🎯 Key Levels to Watch

Buy Zone: $0.95 - $0.98

(This range could act as a key support zone, and it’s where buyers might step in.)

Target 1: $1.05

Target 2: $1.10

Target 3: $1.15

🚨 Stop Loss:

Place your Stop Loss at $0.90 to protect against any unexpected drops.

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What Could Happen Next?

Bullish Scenario: If $COW holds above $0.98 and shows strong volume, we could see a continued rally towards $1.05, $1.10, and potentially $1.15.

Bearish Scenario: A drop below $0.95 would indicate weakness, with the next support levels at $0.90 and $0.85.

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Trading Tips:

1. Wait for Confirmation: Ensure COW is holding above $0.95 before making an entry. Look for confirmation of support.

2. Risk Management: Set your Stop Loss and use it to minimize risk if the market moves against you.

3. Monitor Volume: Increased buying volume after the short squeeze could signal a sustainable rally.

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COW just saw a major short squeeze, but the next move could be even bigger. Will the rally continue, or will the market cool down? Watch the levels carefully and be ready to act when the time is right! 🚀

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