🚨 $AAVE Short Liquidation Alert! 🚨
Event: A massive short liquidation of $5.919K occurred at $328.835, signaling a sudden shift in momentum. Shorts are being squeezed, which could fuel a rapid price surge. Are you ready to ride the wave?
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🔍 What's Happening?
Short liquidations often lead to a sharp increase in buying pressure as traders rush to cover their positions. This could mark the start of a bullish rally, but the key is to wait for confirmation before entering the market.
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📉 Buy Zone:
$325.00 - $330.00
This range could offer a strong entry if the price holds and shows stability. Watch for signs of support to enter safely.
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🎯 Targets:
Target 1: $340.00
Target 2: $350.00
Target 3: $360.00
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🛑 Stop Loss:
$318.00
Place your stop loss just below key support to minimize the risk of a pullback.
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⚡ Key Insights:
1. Support Zone: $325.00 - $330.00 is a critical zone to watch. If the price holds this level, it could trigger further upward momentum.
2. Resistance Levels: The first resistance is at $340.00, followed by $350.00. Breaking these levels would indicate a strong uptrend.
3. Volume: Keep an eye on the volume. A surge in volume during the price movement will confirm the strength of the bullish momentum.
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📊 Next Move:
If $325.00 - $330.00 holds as support, expect the price to move toward $340.00 and beyond.
A break below $318.00 could suggest a deeper retracement, so adjust your strategy accordingly.
After a short liquidation, patience is key. Wait for price confirmation before entering and always use a stop-loss to manage your risk effectively.
Stay alert, and let me know if you need more insights or updates!
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