$GIGADEV is showing a short liquidation event worth keeping on the radar, with around $3.522K in shorts cleared at $62.20374.
The move suggests that price pushed higher quickly enough to force some short positions out of the market. On its own, this is not a strong directional signal, but it does show that upside liquidity has recently been taken.
The key point now is how price behaves after the liquidation. If $GIGADEVcan hold above the liquidation area and maintain buying pressure, the move could develop into further upside continuation. The nearby levels around $62.83, $63.45, and $64.07 are potential areas to monitor for reaction, rather than guaranteed targets.
On the other hand, if price fails to build momentum after the short squeeze and quickly moves back below the area, the liquidation may simply represent a temporary liquidity sweep rather than the start of a sustained trend.
For traders, the reaction following the sweep is more important than the liquidation itself. Volume, price acceptance above the zone, and whether buyers can defend the move should provide better clues about the next short-term direction.
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