#SPACE Short Liquidation Alert
Around $10.45K in short positions just got liquidated on SPACE at $0.01.
That means some traders were betting on downside, but price pushed higher and squeezed them out. When shorts get liquidated, it creates forced buying — adding short-term upside momentum.
What does this signal
This looks like a short squeeze in action.
Not a huge move, but enough to show sellers were over-leveraged around $0.01 — and the market responded with buying pressure.
Now the key question is whether buyers can hold this level, or if it was just a quick spike to grab liquidity.
What to watch next
• Support: $0.0099 – $0.01 — if SPACE holds here, continuation toward $0.0105 – $0.011 is possible.
• If support breaks: price may return to consolidation around $0.0095 – $0.0097.
The reaction around $0.01 is crucial for short-term momentum.
Smart approach here:
• Don’t chase green spikes blindly
• Watch volume for confirmation
• Look for pullback entries
• Keep leverage controlled
Short squeezes can trigger quick upward moves, but sustained strength depends on real buying follow-through.
Do you think SPACE is gearing up for a bigger breakout, or was that just a quick squeeze?
#SPACE #Crypto #ShortLiquidation #Trading #MarketUpdate
