$CRV Short Liquidation Alert.
Total Short Liquidation: $1.8031K
Liquidation Price: $1.0056
The market is witnessing some serious action as shorts are getting liquidated.
This could create massive price fluctuations as traders scramble to cover their positions, potentially sending on a wild ride.
What This Means:
A large liquidation like this means that traders who bet against (short positions) are being forced to buy back their positions due to a price increase, which can fuel more upward momentum.
At $1.00, if $CRV reaches or approaches this liquidation level, we could see a potential price surge as shorts are wiped out.
What’s Next:
Keep an eye on the $1.0 price point! If hits this level, it could trigger more liquidations, adding to the buying pressure and pushing the price higher.
Support levels: Watch for price action around $1.0 to $1.05 for key support.
Resistance levels: If $CRV breaks above $1.10, there could be a significant rally.
Don't miss out – volatility is high, and traders should stay alert for quick moves.
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