$DOT Liquidation Surge: Short Squeeze Ignites Rally!
Liquidated Short: $57.5K at $7.591
Market Breakdown:
Massive Short Squeeze: A $57.5K short position liquidated, causing #DOT to surge as shorts scramble to cover.
Current Sentiment: Bulls are gaining control, driving prices higher as the liquidation amplifies the upward momentum.
Hints for Next Moves:
1. Resistance Zone: Watch for resistance around $7.80, where selling pressure could build and slow the rally.
2. Support Level: Strong support at $7.50, a crucial level for buyers to defend in order to maintain the bullish trend.
3. Breakout Potential: A clean breakout above $7.80 could push $DOT toward $8.00 or higher.
Quick Strategy:
Bulls: Ride the momentum above $7.80, targeting $8.00 and beyond for further upside.
Bears: Be cautious—watch for rejections at $7.80 for potential short opportunities, but expect high volatility.
#DOT is on fire—expect explosive moves and fast price action!
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