$AAVE Short Liquidation $2.607Kat $367.181
Implications
1 Short liquidation occurs when the price of AAVE rises to a level where the trader's margin is insufficient to cover the position, forcing the liquidation.
2 Price movement: A liquidation at $367.181 suggests bullish momentum, pushing the price higher
Considerations for Trading
Monitor resistance levels $367.181 could act as a new support if the trend continues upward
Analyze volumes: Check for increasing buy volumes, which might indicate further upward pressure.
Caution If you're trading AAVE consider market sentiment and potential retracements