$VANA Short Liquidation: A Key Moment to Watch.
The recent short liquidation of $5,208.30K at a price of $19.821 is a significant signal in the market. This sudden shift means that traders who were betting against $VANA (shorting) had to close their positions, possibly triggering a potential bullish momentum.
What’s Next for $VANA.
Current Price Action: After the short squeeze, the market could see upward momentum as those who were short on $VANA are forced to cover their positions. However, the price action could be volatile, so traders need to watch key levels.
Buy Zone.
The ideal buy zone could be near $19.50 to $20.00. This zone could offer a decent entry, especially if the price pulls back slightly after the short squeeze.
Target Price.
The first target could be around $22.00 to $23.00. This is a reasonable level to aim for based on the recent price movement and market conditions.
If the bullish momentum continues, the next level could be $25.00.
Stop-Loss Level.
To minimize risk, consider setting a stop-loss around $18.50. If the price drops below this level, it might signal a reversal, and you could exit the trade to protect your position.
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