$ADA Short Liquidation Alert
$2,014.3 Liquidated at $0.961
A massive short liquidation of over $2K at $0.961 has sent shockwaves through the market!
This is a clear signal of strong buying pressure and could mark a key turning point for $ADA.
With bears forced to cover their positions, the bulls are stepping up.
Key Details:
The liquidation of $2,014.3 at $0.961 shows aggressive short interest in $ADA.
This could trigger more buying momentum as liquidations escalate, pushing the price further upward.
The price holding above $0.96 is crucial—watch for sustained support at this level to confirm further bullish potential.
What’s Next?
1. Momentum Traders: Keep an eye on $0.96 as a support zone. If it holds, expect further upside, especially if $ADA breaks past $0.9650-$0.97 with strong volume.
2. Breakout Watch: Watch for a breakout above $0.97.
If ADA pushes past this level, it could trigger a sharp rally towards the $1.00 mark.
3. Cautious Bears: If $ADA shows signs of exhaustion near $0.97 or higher, consider potential short opportunities, but ensure proper risk management.
Key Levels to Watch:
Resistance: $0.9650-$0.97. A clear breakout above these levels could spark a rally to $1.00.
Support: $0.96. A hold here will strengthen the bullish case; a drop below could lead to a pullback.
The Bulls Are in Control — Will they maintain the momentum, or will the bears fight back?
Stay alert, manage your risk, and be prepared for the next move in $ADA!