Massive $AGLD Short Liquidation Spotted.
Amount Liquidated: $1.3911K
Liquidation Price: $2.723
Traders betting against $AGLD just got caught in a volatile price move.
The surge pushed short positions over the edge, triggering liquidations at $2.69593. This event signifies bullish momentum, with bears losing their grip as buyers take charge.
Market Insights.
Current Sentiment: Bullish. The liquidation of shorts often indicates strong buying pressure.
Next Resistance Zone: $2.75–$2.80 (watch for a breakout).
Support Zone: $2.50–$2.55 (a potential bounce area if the price dips).
Trading Strategy.
For Bulls: Look for a retest of the $2.70 level for entry. Targets: $2.85, $3.00. Stop-loss: Below $2.60.
For Bears: If the price struggles near $2.75–$2.80, consider a short with tight risk management. Stop-loss: Above $2.85.
Pro Tip: Monitor trading volume.
A high volume breakout above $2.80 could signal a strong continuation to the upside.
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