$XVG Short Liquidation Update
Short positions worth $5.0214K were liquidated at $0.00745, confirming aggressive buy-side pressure and a squeeze on sellers.
Market Structure
Price is holding above the liquidation level, showing acceptance at higher prices. This shift keeps the bullish breakout scenario in play if momentum sustains.
Key Levels
Support: $0.00740 – $0.00710
Resistance: $0.00785 → $0.00840
Bullish Trade Setup
Entry: Break and hold above $0.00785, or a controlled pullback holding above $0.00740
Targets:
TP1: $0.00840
TP2: $0.00910
Stop Loss: Below $0.00700
Market Sentiment
The short squeeze flipped short-term control to buyers. With sellers forced out and structure intact, pullbacks are likely to be absorbed, favoring upside continuation.
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