We are seeing another notable short clearance on $HEMI , with roughly $3.25K in short positions liquidated right near the $0.01161 mark. This continuous clearing of overhead short liquidity indicates that the upward pressure remains intact, keeping the broader short squeeze dynamic active for now.
From a purely structural market perspective, sweeping liquidity at resistance often forces late shorters to cover, which naturally provides fuel for further upward momentum. However, the critical factor here isn't just the liquidation event itself, but how price action reacts immediately after taking out this level.
If bulls can hold the newly reclaimed zone and convert former resistance into steady support, the market opens up clean paths toward higher liquidity targets. Traders monitoring technical setups often look at near-term levels around $0.01173, followed by secondary areas near $0.01184 and $0.01196 as logical areas where sell orders may be stacked.
As always in high-volatility environments, chasing impulse candles after a sweep carries elevated risk. Waiting for market consolidation or a confirmed higher low usually offers a much cleaner risk-to-reward ratio than buying directly into a fresh breakout. Risk management should remain the primary focus.$DEXE
$LIGHT
From a purely structural market perspective, sweeping liquidity at resistance often forces late shorters to cover, which naturally provides fuel for further upward momentum. However, the critical factor here isn't just the liquidation event itself, but how price action reacts immediately after taking out this level.
If bulls can hold the newly reclaimed zone and convert former resistance into steady support, the market opens up clean paths toward higher liquidity targets. Traders monitoring technical setups often look at near-term levels around $0.01173, followed by secondary areas near $0.01184 and $0.01196 as logical areas where sell orders may be stacked.
As always in high-volatility environments, chasing impulse candles after a sweep carries elevated risk. Waiting for market consolidation or a confirmed higher low usually offers a much cleaner risk-to-reward ratio than buying directly into a fresh breakout. Risk management should remain the primary focus.$DEXE
$LIGHT
