Short traders on $BMT are facing pressure once again as price action tests the critical $0.0212 liquidity zone. A recent cluster of short liquidations cleared roughly $1.203K around $0.02117, confirming that buyers are actively pushing through overhead leverage to sweep upside liquidity.
When shorts get liquidated, forced buy orders enter the market and accelerate upward momentum. This squeeze mechanism often acts as fuel for a continuation leg, provided spot volume supports the breakout and buyers sustain momentum above key levels.
From a market structure perspective, holding ground above $0.0212 shifts focus toward immediate upside extension levels. Key target zones to monitor for short-term reactions include $0.02145, $0.02175, and $0.02205.
Traders should watch the order book depth and price reaction around these zones closely. Liquidations provide temporary momentum, but organic buying power is essential to push past key resistance levels. Keep risk management strict and observe whether bulls can flip local resistance into support.
$BTR
$TAC
When shorts get liquidated, forced buy orders enter the market and accelerate upward momentum. This squeeze mechanism often acts as fuel for a continuation leg, provided spot volume supports the breakout and buyers sustain momentum above key levels.
From a market structure perspective, holding ground above $0.0212 shifts focus toward immediate upside extension levels. Key target zones to monitor for short-term reactions include $0.02145, $0.02175, and $0.02205.
Traders should watch the order book depth and price reaction around these zones closely. Liquidations provide temporary momentum, but organic buying power is essential to push past key resistance levels. Keep risk management strict and observe whether bulls can flip local resistance into support.
$BTR
$TAC
