Market Signal: Short Liquidation Activity
NFLX recorded a short liquidation of $1.363K at $64.08, showing that short positions were forced out around this price. This creates an important level to monitor for potential bullish continuation. If buyers maintain momentum above $64.08, the next resistance area could be $65.00, followed by $66.50. Initial support is near $63.50, with $62.80 as the next downside level. A confirmed move above resistance would strengthen the bullish structure, while rejection could lead to sideways trading. Keep an eye on volume and follow-through before treating this level as a breakout.
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