$FET Short Liquidation Explosion: $6.59K Wiped Out at $1.4896
The crypto market erupted as $6,595.9 worth of FET shorts were liquidated at the critical price level of $1.4896, delivering a decisive victory for the bulls.
This exhilarating event has reignited excitement around FET, leaving short-sellers in the dust and fueling bullish momentum.
$FET ’s price surged past the resistance level of $1.4896, triggering a cascade of short liquidations.
Over-leveraged traders betting on a downturn were caught off guard as the market rallied, forcing them to buy back their positions at a loss.
This sudden burst of buying pressure propelled FET even higher, turning the short squeeze into a spectacle of market drama.
1. Resistance Broken: The breakout above $1.4896 marked a major psychological and technical win for bulls, flipping the level into strong support.
2. Significant Liquidation Volume: The $6.59K liquidation reveals the intensity of the market, with shorts crushed under the weight of bullish momentum.
3. Momentum Surge: The short squeeze amplified FET’s rally, creating heightened excitement and opportunities for traders.
Market Implications for FET
Bullish Momentum Builds: This event
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