Breaking News: Major Short Liquidation Hits $AERGO

$5.0034K Liquidated at $0.1676.

A dramatic turn of events unfolded in the crypto market as witnessed a short squeeze.

Traders betting against faced a hefty liquidation amounting to $5,003.4, triggered when the price surged to $0.1676.

What Happened.

Short sellers were caught off guard as gained upward momentum, leading to forced closures of short positions. This sudden price move wiped out bearish bets, adding fuel to the rally as liquidations typically lead to buy orders, pushing prices higher.

Why is this Significant.

1. Liquidation Volume: A $5K liquidation signals significant market activity for $AERGO

2. Price Reaction: The $0.1762 level becomes a key area for bulls and bears alike.

3. Momentum Shift: The liquidation might signal a change in sentiment, with potential bullish continuation.

What’s Next for.

Bullish Targets: If momentum continues, we might see price levels testing $0.1850 or higher.

Bearish Concerns: A pullback could see revisit $0.1700, offering new opportunities for traders.

Trader Tip: Watch for volume spikes and key resistance levels as $AERGO navigates this volatile phase. Whether you're riding the wave or waiting on the sidelines, stay sharp and trade wisely.

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