A $120K $EOS short position was liquidated at $1.103, indicating a strong upward price movement.

This suggests buyers are dominating the market,

likely due to increased demand or positive sentiment.

Key Details:

1. Liquidation Explained:

Shorts are liquidated when the price rises too high, forcing traders to close positions.

This means sellers are losing momentum.

2. Why It Matters:

Liquidation of large positions often sparks more price momentum.

Bulls may now gain further control.

3. Next Steps for Traders:

For Bulls: Consider riding the upward trend but watch for resistance levels.

For Bears: Wait for signs of reversal before opening positions.

4. Critical Levels to Watch:

Support: $1.10 (key psychological level).

Resistance: $1.15 (could act as a hurdle).

5. Market Sentiment:

Watch for news or updates that could affect EOS, such as partnerships or regulatory developments.

Tip: Use stop-loss to protect your trades from sudden reversals. The market can move quickly!

#RLUSDApprovalBoostXRP #BURNGMT #CPI4MonthsHigh #MicrosoftRejectsBTC #MajorAirdropWatch