$SXP Short Liquidation Alert!
A major short liquidation of $1.6884K at $0.3346 has just shaken the
$SXP market, signaling potential for a sharp price shift.
This liquidation sets the stage for heightened volatility, so traders must act strategically.
Key Details:
Liquidation Amount: $1.6884K
Liquidation Price: $0.3346
Market Sentiment: Bullish momentum after the squeeze, but be cautious as the price could face resistance soon.
Next Move:
Look for a retest of support at $0.3200 to $0.3250.
If these levels hold, a continued move higher could be expected, presenting an opportunity for long positions.
If the price fails to maintain upward momentum and faces resistance near $0.3450, consider shorting with a target near $0.3100.
Stop Loss:
Place your stop loss at $0.3500 to protect against unexpected bullish moves.
$SXP Stay alert and adjust your strategy based on the market action to maximize your gains!
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