We are seeing interesting price action on $BTR as liquidity gets swept just below the 0.087 mark. The recent short liquidation of around 4.98K at 0.08627 confirms that bears taking aggressive leverage are getting caught in repeated squeeze cycles.
When tight short positions get flushed out like this, it typically clears overhead resistance and keeps the upside zone active for potential continuation. Right now, the immediate market reaction around these current levels will be crucial to monitor. A sustained push could open up a test toward progressive upside targets around 0.0872, followed by 0.0881 and 0.0890.
However, traders should remember that liquidity hunts can lead to brief retracements if buying volume lacks steady follow-through. Watching how order flow reacts after the sweep gives a much clearer picture than jumping in blindly on the initial spike.
Risk management remains key here. Ensure you track broader market conditions, set clear stop losses, and protect capital rather than over-leveraging on breakout setups.
What are your thoughts on BTR's next move? Do you expect the squeeze to push past resistance, or are we looking at a temporary retracement? Share your analysis below.$BMT
$TAC
When tight short positions get flushed out like this, it typically clears overhead resistance and keeps the upside zone active for potential continuation. Right now, the immediate market reaction around these current levels will be crucial to monitor. A sustained push could open up a test toward progressive upside targets around 0.0872, followed by 0.0881 and 0.0890.
However, traders should remember that liquidity hunts can lead to brief retracements if buying volume lacks steady follow-through. Watching how order flow reacts after the sweep gives a much clearer picture than jumping in blindly on the initial spike.
Risk management remains key here. Ensure you track broader market conditions, set clear stop losses, and protect capital rather than over-leveraging on breakout setups.
What are your thoughts on BTR's next move? Do you expect the squeeze to push past resistance, or are we looking at a temporary retracement? Share your analysis below.$BMT
$TAC
