Massive Liquidation Alert!
$OM Short Liquidation: A whopping $2.0874K liquidated at $4.06576
! The market just served a big blow to shorts, showing strong upward momentum. Bulls are clearly in control, forcing short-sellers to surrender at higher levels.
What Does This Mean?
Strong Uptrend: A short liquidation at this level signals significant buying pressure, likely fueled by market confidence or big players entering the game.
Resistance Tested: The $4.06576 zone might now turn into a critical support level if the momentum continues.
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Next Move for Traders:
1. Bulls: Watch for consolidation above $4.06576. A breakout above $4.10 could trigger another wave of FO$OM buying.
2. Bears: Stay cautious; wait for signs of exhaustion before re-entering. Keep an eye on RSI/volume divergences.
3. Swing Traders: Set tight stop-losses around $3.95 to avoid sudden reversals while riding the trend.
Momentum is building fast! Are you ready to ride the wave or sit this one out? 👀