It seems you're referring to a short liquidation event for the $KOMA coin. Here's a simple breakdown and potential steps for you:
Key Details:
1. Liquidation Amount: $1,196.7 indicates a short position was liquidated at the price of $0.12303.
2. Market Action: Short liquidation suggests buying pressure—price might rise as shorts are forced to buy back.
3. Current Price: $0.12303 may now act as a support level due to this activity.
Next Move Suggestions:
1. Monitor Trends: Check if the price stabilizes or breaks above $0.12303 with strong volume. This can indicate bullish momentum.
2. Risk Management: Avoid chasing sudden spikes. Look for confirmation of trends before making decisions.
3. Set Alerts: Place alerts near $0.12303 and the next resistance level to stay updated.
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