$TRUMP recently saw a cluster of short liquidations cleared around the 2.619 level, wiping out over 2.6k in leverage. This move effectively swept local upside liquidity and pushed price action directly into key overhead interest zones.
When short positions get force-closed like this, it creates artificial buying pressure that can temporarily extend momentum. However, the critical phase begins right after the liquidity sweep. We need to watch how the market reacts to this fresh liquidity before jumping into new entries.
If bulls manage to hold above 2.619 and build acceptance, the structure remains intact for a continuation. Key resistance levels to watch for profit-taking or further upside expansion include 2.645, followed by 2.671, and ultimately the 2.723 region if strong volume backs the expansion.
Conversely, failing to hold the newly swept level often results in a quick deviation and mean-reversion move lower. Managing risk and waiting for clear market confirmation around these liquidations is essential. Liquidity hunts frequently test both sides before establishing a clear direction, so keep position sizes controlled and focus on how price behaves at resistance.$VET
$MOVR
When short positions get force-closed like this, it creates artificial buying pressure that can temporarily extend momentum. However, the critical phase begins right after the liquidity sweep. We need to watch how the market reacts to this fresh liquidity before jumping into new entries.
If bulls manage to hold above 2.619 and build acceptance, the structure remains intact for a continuation. Key resistance levels to watch for profit-taking or further upside expansion include 2.645, followed by 2.671, and ultimately the 2.723 region if strong volume backs the expansion.
Conversely, failing to hold the newly swept level often results in a quick deviation and mean-reversion move lower. Managing risk and waiting for clear market confirmation around these liquidations is essential. Liquidity hunts frequently test both sides before establishing a clear direction, so keep position sizes controlled and focus on how price behaves at resistance.$VET
$MOVR
