Massive $ARK Short Liquidation.
The bears couldn’t hold on.
Liquidation Amount: $1,025.2
Price Level: $0.6310
At this key price level, shorts were wiped out as bullish momentum took over, driving ARK higher. This significant liquidation signals that sellers underestimated the strength of buyers at this support zone, leading to forced exits and amplifying the price surge.
What does this mean for $ARK
The market could see a further rally as liquidations often trigger additional upward momentum.
Resistance levels to watch: $0.6200 and $0.6500.
Support level: $0.6100.
Traders, keep your eyes on ARK! The battle between bulls and bears is heating up, and this short squeeze could just be the beginning of a larger move.
Would you like a detailed technical analysis for $ARK including potential buy zones, targets, and stop-loss levels.
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