$HBAR Short Liquidation Alert: A huge $6.61K liquidated at $0.29371!
🚀 Bears Squeezed Hard!
HBAR just surged, forcing a massive short squeeze and triggering a wave of liquidations as the price broke key resistance, sending it to new highs.
📈 Key Insights:
Breakout at $0.29371: This was the level where short positions got trapped, sending shockwaves through the market and creating a sharp rally.
Bullish Momentum: The liquidation event has sparked fresh buying pressure, shifting market sentiment firmly in favor of the bulls.
Increased Volatility: Expect heightened volatility as short squeezes often lead to rapid price fluctuations and sharp pullbacks.
🔥 What’s Next for HBAR?
Resistance Levels: Watch for resistance around $0.30–$0.32. If the price can break through, we could see a continued upward push.
Support Zones: Key support is now at $0.28–$0.29. A pullback to these levels could provide an opportunity for further gains if bulls remain in control.
Volume and Order Flow: Pay attention to trading volume and order flow to assess whether this rally can sustain itself or if a correction is imminent.
💡 Pro Tip: Short squeeze rallies are explosive but volatile—ensure you have solid risk management in place to navigate the unpredictable price action.
Is HBAR ready to push further, or will the bears look to regroup? The next few hours could determine the next big move—stay sharp!