$STORJ Short Liquidation Update

Short positions totaling $1.9044K were liquidated at $0.1429, signaling increasing buy-side pressure and forcing sellers to cover.

Market Structure

Price is holding above the liquidation zone, showing acceptance at higher levels. This shift in structure supports a bullish continuation if momentum remains intact.

Key Levels

Support: $0.1420 – $0.1385

Resistance: $0.1495 → $0.1578

Bullish Trade Setup

Entry: Break and hold above $0.1495, or a controlled pullback holding above $0.1420

Targets:

TP1: $0.1578

TP2: $0.1685

Stop Loss: Below $0.1368

Market Sentiment

The short squeeze shifted short-term control to buyers. With sellers cleared and structure holding, pullbacks are likely to be absorbed rather than sold.

Bullish bias remains active while price holds support and volume confirms upside continuation.

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