1000SHIB $133K Short Liquidation at $0.0130 — Short-Squeeze Risk
I noticed a large short liquidation on 1000SHIB — about $133,000 executed at $0.0130. That forced short-covering likely produced a sharp intraday price spike.
This kind of liquidation creates immediate upward pressure and can trigger follow-through buying, but a single event doesn't confirm a sustained trend. I will watch volume, order book depth, and subsequent candles for confirmation.
Analysis
Recommendation
Watch price action and volume for confirmation. If follow-through buying appears, consider a measured trade with tight risk management; otherwise avoid initiating positions on the spike alone.
Disclaimer
The Analysis and recommendations provided are for informational purposes only. Any investment decisions should be made at your own risk. Past performance is not indicative of future results. Always conduct your own research and consider consulting with a financial advisor before making any investment decisions.
