Breaking Alert: Major $COW Short Liquidation!
Liquidation Amount: $5,015.20
Price Level: $1.16878
This significant liquidation event indicates heavy pressure on short positions.
As $COW price pushes upward, it could spark further liquidations, amplifying a potential price surge.
Key Takeaways:
1. Momentum Shift: The market might be turning bullish as shorts are forced to close.
2. Support Level: $1.16878 now acts as a critical floor.
3. Resistance Ahead: Watch for key levels at $1.20 and $1.25.
Suggested Moves:
If bullish: Consider entering long positions, targeting breakout zones.
If cautious: Wait for a pullback to the $1.16 region for a safer entry.
If bearish: Look for signs of exhaustion near resistance before shorting cautiously.
Stay vigilant—volatility is your ally, but manage risk wisely!$COW
