Short Liquidation Alert.

A massive $6,414.30 worth of $POL was liquidated at a critical price of $0.5066.

What Happened.

This liquidation indicates a sharp upward price movement as traders holding short positions were forced to close them. It’s a clear sign of bullish momentum as buyers push the price higher.

What Does It Mean for $POL

1. Support Level Established:

The $0.50384 price zone might act as a strong support level, as significant liquidation often stabilizes price movements.

2. Bullish Sentiment Building:

Large liquidations often signal growing confidence among bulls, potentially leading to further upward momentum.

What to Watch Next.

Resistance Levels: Look for key resistance levels at $0.5500 and $0.6000. If these are breached, expect a stronger rally.

Retracement Zones: A pullback to $0.4800 - $0.5000 could offer fresh buying opportunities.

Stop-Loss Level: Traders should set stop-losses below $0.4750 to minimize risk.

Pro Tip for Traders:

Keep an eye on volume spikes and funding rates. High volume coupled with positive funding rates may confirm sustained bullish momentum.

Don’t forget to adjust your strategy based on market conditions.

Will $POL Break the Ceiling or Pull Back for More Fuel?

Stay tuned for more updates and trade wisely.

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