$DOT Short Liquidation Alert!
A massive $53.8K short position was liquidated at $9.013, signaling strong bullish momentum as sellers got squeezed. Here's what this means and what could happen next:
What’s Happening?
Short Liquidation: A clear sign of buying pressure overpowering sellers.
Bullish Sentiment: Momentum could push prices higher if buyers sustain control.
Key Levels to Watch
Resistance: $9.20 – Breaking this could trigger a bigger move upward.
Support: $8.80 – Buyers need to defend this level to maintain strength.
What’s Next?
For Long-Term Holders: Watch for a solid close above $9.00 as confirmation of strength.
For Traders:
Look for a breakout above $9.20 for potential upside trades.
Use stop-losses near $8.80 to manage risks.
Market Context
If more shorts get liquidated, the price could rally quickly. Keep an eye on volume and overall market trends for further confirmation.
#DOT is gaining momentum—this could be the start of a bigger breakout!