Massive Short Liquidation Alert!
A colossal $PHA short position worth $11.293K has just been liquidated at $0.4199, sending shockwaves across the market.
Bulls are firmly in control as the price rockets upward, squeezing out shorts in spectacular fashion!
Important Details:
1. Liquidation Price: $0.4199
2. Amount Liquidated: $11,293
3. Market Sentiment: Strong bullish momentum triggered by a short squeeze.
Next Move Suggestions:
1. Watch Key Resistance Levels:
Monitor $0.430–$0.450 closely.
A breakout above $0.450 could push $PHA toward $0.480 or higher.
2. Avoid FOMO:
Wait for a pullback to $0.410–$0.415 for a safer long entry.
Entering during high volatility could expose you to risk.
3. Set Clear Risk Limits:
If opening a new long position, place stop-losses below $0.400 to protect against a potential reversal.
4. Shorts, Wait and Watch:
Bearish traders should hold off until the price shows rejection at a major resistance level.
A break below $0.410 might signal a potential reversal.
The battle between bulls and bears is intensifying. $PHA
Stay sharp and trade strategically to capitalize on the momentum!
Let me know if you need help analyzing further technical trends.