The $HEMI order book just experienced a localized short squeeze, clearing out short positions around $0.01151. Roughly $2.1066K in liquidity was wiped in a fast sweep, showing that buyers are stepping in and exerting upward pressure on this tight range.
When buy stops get triggered like this, it generally indicates that market makers are hunting for resting liquidity before deciding the next macro directional move. The upside sweep signals underlying strength, but the immediate follow-through determines whether this becomes a genuine trend continuation or simply a fakeout.
From a technical perspective, watching how price action consolidates right above this newly cleared level is critical. If bulls can hold this zone and turn $0.01151 into local support, it opens up a clear path toward higher resistance levels.
The key upside targets to keep on your radar are $0.01163 for initial profit-taking, followed by $0.01174, and ultimately $0.01186 if bullish momentum sustains. However, entering directly on a liquidity grab carries risk. It is far safer to wait for a clean retest and confirmation of support before committing capital. Always manage risk tightly and set precise stop-losses.$DEXE $MAGMA
When buy stops get triggered like this, it generally indicates that market makers are hunting for resting liquidity before deciding the next macro directional move. The upside sweep signals underlying strength, but the immediate follow-through determines whether this becomes a genuine trend continuation or simply a fakeout.
From a technical perspective, watching how price action consolidates right above this newly cleared level is critical. If bulls can hold this zone and turn $0.01151 into local support, it opens up a clear path toward higher resistance levels.
The key upside targets to keep on your radar are $0.01163 for initial profit-taking, followed by $0.01174, and ultimately $0.01186 if bullish momentum sustains. However, entering directly on a liquidity grab carries risk. It is far safer to wait for a clean retest and confirmation of support before committing capital. Always manage risk tightly and set precise stop-losses.$DEXE $MAGMA
