$ONG Liquidated Short: $145K at $1.946
What Happened?
A short position worth $145K on ONDO was liquidated at $1.946.
This shows a massive bullish surge, forcing short sellers to exit with losses.
What’s Next?
1. Price Outlook:
If ONDO holds above $1.95, the next target could be $2.00 resistance.
A pullback below $1.90 could find support around $1.85.
2. Market Sentiment:
Short liquidation indicates strong buying pressure.
The momentum could continue as more buyers jump in.
3. Key Indicators to Watch:
Volume: High buying volume could push ONDO higher.
RSI: Overbought conditions might signal a pause or small dip.
4. Trade Strategy:
Long Strategy: Enter above $1.95 for potential upside towards $2.
Short Strategy: Only consider shorting if the price drops below $1.90.
Why It Matters:
Short liquidations often drive sharp price increases, creating profitable opportunities in a strong trend.
Stay alert—ONDO is moving fast!