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Cardano Short Liquidation Signals Short-Term Bullish Pressure

I report that a short position on Cardano (ADA) was liquidated after an average short entry at $0.96859, with total exposure of $155,513 managed by bots at @bpay_group.

This liquidation suggests upward pressure and a short-squeeze dynamic around the $0.97 area, producing near-term bullish momentum.

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Analysis

The liquidation of a sizable short position indicates buying pressure and potential short-covering around the $0.97 level, but a single liquidated position does not confirm a sustained trend change. M...

Recommendation

I recommend watching price action closely: avoid initiating new shorts, consider waiting for confirmed follow-through above resistance before adding longs, or look for a disciplined pullback to suppor...

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.

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