$TON Short Liquidation: $10.87K at $5.796 – Bulls Push Back!
A $10,869 short position on ton was liquidated at $5.79647, showcasing a surge in bullish pressure that overwhelmed bearish bets.
While the liquidation amount is moderate compared to larger market moves, it reflects growing confidence in $TON’s upward momentum.
Key Details:
1. Short Squeeze Signal: Even smaller liquidations can trigger further price increases, forcing more shorts to cover.
2. Critical Price Level: $5.79647 now stands as a significant support zone, with potential for upward consolidation.
3. Market Implications: This move hints at renewed buyer interest and could mark the beginning of a bullish push.
Next Moves to Watch:
For Long Traders: Look for sustained movement above $5.80. A clear breakout could target $6.00 and beyond.
For Short Sellers: Avoid re-entry until $TON faces strong resistance or shows signs of losing momentum.
Key Levels to Monitor: $5.80 as support, with $6.00 as the next major resistance point.
This $TON liquidation highlights a turning point—will bulls capitalize on this momentum, or will bears regroup?
Keep a close watch as the market unfolds!
