$POWR Short Squeeze Drama Unfolds.
Liquidation Alert: A massive $9,279.3 worth of shorts got liquidated at the key level of $0.3167. The bears tried to dominate, but the bulls came charging back, leaving short sellers in a world of pain.
What does this mean.
This sudden liquidation indicates a surge in bullish momentum, likely driven by a breakout or a key support hold. Such moves often attract traders seeking to capitalize on the volatility.
Key Levels to Watch:
Immediate Resistance: $0.315 - $0.320
Support Zone: $0.308 - $0.312
Upside Targets: If $0.320 breaks, expect a potential rally to $0.340 or beyond!
Trading Insight:
For long traders, consider the $0.310-$0.312 range as an entry zone.
Keep your stop-loss around $0.307.
Aim for targets at $0.320 and $0.340.
Short sellers, proceed with caution! Bulls are gaining strength.
Are you ready for the next big move.
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