$BB Short Liquidation: $5.0595K at $0.45708

A significant short liquidation of $5.05K occurred as BB spiked to $0.45708, forcing short traders to cover losses.

Details:

Type: Short Liquidation

Liquidation Amount: $5.0595K

Triggered Price: $0.45708

What Happened?

The upward momentum caused a squeeze on over-leveraged shorts, creating additional buying pressure and driving prices higher.

What’s Next?

1. Resistance Zone: $0.46–$0.47

Watch for a breakout above this area for continued bullish action.

2. Support Zone: $0.44–$0.45

Price may pull back to this zone, offering potential buy opportunities.

Trading Strategy:

For Bulls:

Enter around support at $0.44–$0.45 if a retracement occurs.

Set targets near $0.47 and stop-loss below $0.44.

For Bears:

Monitor rejection near resistance to consider short positions with tight risk management.

Market Outlook:

The short squeeze indicates bullish control, but profit-taking at resistance zones may cause minor corrections.

Patience and disciplined trading are key!

#RLUSDApprovalBoostXRP #BURNGMT #CPI4MonthsHigh #BTCRebounds100K #MicrosoftRejectsBTC