🟢 #AXL Short Liquidation Dynamics
In the recent fluctuations of the cryptocurrency market, #AXL🔥🔥🔥 saw a notable short liquidation event. Data shows that when the price reached $0.15417, approximately $8.5454K of short positions were forcibly liquidated. This indicates that near this price level, the bullish strength suddenly increased, causing short traders to fail to stop-loss in time and get liquidated. Short liquidations typically mean that buying pressure rises in the short term, which may also trigger a rapid rebound or short-term volatility in prices. For traders, such liquidation signals are worth paying attention to as they help determine changes in market sentiment and potential short-term trends. At the same time, reasonable control of leverage and risk management remains key to surviving in a highly volatile market $AXL
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