Short Liquidation Signals Bullish Pressure on FARTCOIN
I was liquidated on a FARTCOIN short for $137K at $0.995. The forced buy orders at ~ $1.00 show notable short-covering pressure.
That liquidation suggests bullish momentum and elevated volatility around the $1 level; quick stops and squeezes are likely until price finds a stable range.
I’ll avoid initiating new shorts here and prefer to watch for consolidation or a clear rejection before taking fresh directional risk. If considering entry, size down and plan a tight risk limit or wait for a retracement.
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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.