#MOODENG Short Squeeze Bonanza!
MOODENG Liquidated Short:
Amount: $155,000
Liquidation Price: $0.5317
MOODENG has ignited market excitement, smashing $155K worth of short positions as the price surged beyond $0.5317!
This liquidation marks powerful bullish momentum, likely fueled by heavy buying and short-covering cascades.
Why This Happened?
1. Bullish Breakout:
Buyers dominated the market, forcing shorts to close positions.
2. Increased Demand:
A surge in volume likely triggered this sharp price movement.
3. Short Squeeze Amplification:
The cascade effect pushed prices higher as shorts scrambled to exit.
Current Value Analysis
If the current value is above $0.5317, momentum remains strong.
A breakout above $0.540 could set the stage for $0.550 or beyond.
If the value is struggling below $0.530, watch for a potential retest of $0.520 as support.
What’s Next for
#MOONDENG ?
1. For Bulls:
Target the next resistance level at $0.540 and ride the momentum carefully.
2. For Bears:
Wait for signs of exhaustion near resistance before shorting with tight stops.
Key Move:
Volatility is high, so stay alert!
Are you riding the bullish wave or preparing for a reversal?
Let’s strategize!
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