#YenHitsFourDecadeLowVsDollar
$IN — Minor short squeeze supports bullish momentum.
Long $IN
Entry: 0.0628 – 0.0635
SL: 0.0615
TP1: 0.0648
TP2: 0.0668
TP3: 0.0695
A $1.49K short liquidation just occurred on Binance, with IN liquidated at $0.06328. While the liquidation size is relatively small, it indicates that bearish traders were forced to close positions as price moved higher, adding buying pressure to the market.
Small short squeezes often represent the early stages of improving market sentiment. If buyers continue defending the current support zone, the forced buying could help strengthen the short-term bullish structure.
If IN holds the 0.0628–0.0635 support zone and breaks above 0.0648 resistance, momentum could extend toward higher targets. A successful breakout would reinforce bullish momentum and improve the probability of a sustained recovery.
Although this liquidation alone is not large enough to define the broader trend, it highlights growing buyer strength. Continued buying interest and a successful defense of support could allow IN to build on its recent gains.
$IN — Minor short squeeze supports bullish momentum.
Long $IN
Entry: 0.0628 – 0.0635
SL: 0.0615
TP1: 0.0648
TP2: 0.0668
TP3: 0.0695
A $1.49K short liquidation just occurred on Binance, with IN liquidated at $0.06328. While the liquidation size is relatively small, it indicates that bearish traders were forced to close positions as price moved higher, adding buying pressure to the market.
Small short squeezes often represent the early stages of improving market sentiment. If buyers continue defending the current support zone, the forced buying could help strengthen the short-term bullish structure.
If IN holds the 0.0628–0.0635 support zone and breaks above 0.0648 resistance, momentum could extend toward higher targets. A successful breakout would reinforce bullish momentum and improve the probability of a sustained recovery.
Although this liquidation alone is not large enough to define the broader trend, it highlights growing buyer strength. Continued buying interest and a successful defense of support could allow IN to build on its recent gains.