$VET Short Liquidation: Buyers Are Testing the Breakdown
🟢 A $1.073K short liquidation hit $VET around $0.00655, showing that leveraged shorts are getting squeezed as price pushes against bearish positioning. This kind of liquidation can create sudden momentum if spot buyers step in and volume expands.
Support: $0.00645–$0.00655
Resistance: $0.00670–$0.00685
Next Target 🎯: $0.00700, with $0.00720 as the stronger upside extension if resistance breaks cleanly.
The key now is whether $VET can hold above $0.00655. A sustained move above $0.00670 could trigger another wave of short covering, while rejection near resistance may bring sellers back into control.
💡 Pro Tip: Don’t chase the liquidation candle. Watch volume, support confirmation, and the reaction around $0.00670 before entering. Keep risk controlled because low-priced assets can move sharply in either direction.
$VET #US PCE inflation remains sticky #Nscale secures major AI cloud deal #Banks explore stablecoin issuance #Revolut launches EURR stablecoin
