🚨 $MANA Short Liquidation Ignites a Fresh Momentum Move

🟢 Short Liquidation: $21.382K at $124.14767

A $21K+ short liquidation around $124.15 shows that sellers were caught on the wrong side of the move. When shorts get forced out, their buybacks can add extra fuel to an upside push and create a fast momentum expansion.

📍 Support: $122.50–$123.00

🧱 Resistance: $126.00–$127.50

🎯 Next Target: $130.00, followed by $133.00 if momentum stays strong.

The key zone now is $124–$126. A clean breakout above resistance with strong volume could signal that buyers are taking control. If BABA rejects resistance and loses $122.50, momentum could cool quickly.

💡 Pro Tip: Don’t chase a liquidation spike. Watch volume and confirmation above resistance before entering. A retest that holds can offer a cleaner setup than buying directly into the breakout.

⚠️ Liquidations show positioning pressure, not a guaranteed direction. Manage risk and keep a clear invalidation level.

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