$RE experienced a short liquidation event as bearish positions were forced to close, triggering automatic market buys and adding upward pressure to price action

The $1.0285K short liquidation at $0.94707 reflects a localized short squeeze, with sellers being forced out of their positions as price moved higher than anticipated

EP
0.9350 - 0.9550

TP
TP1 0.9800
TP2 1.0200
TP3 1.0800

SL
0.9000

Liquidity was swept above nearby resistance levels, removing excess short exposure and creating a healthier market structure for potential upside continuation

The liquidation event suggests buyers are maintaining short-term control, with bearish traders being forced to cover positions as momentum strengthens

Current price action places the 0.9350 - 0.9500 region as an important support zone that bulls will need to defend to sustain the recovery structure

As long as higher lows continue forming above support, the probability of continuation toward higher liquidity targets remains favorable

A successful reclaim of 0.9800 could attract fresh momentum buyers and open the path toward the next resistance levels near 1.0200 and 1.0800

The short squeeze has reduced bearish leverage across the market, while the resulting buy pressure may continue supporting upside momentum if volume remains healthy

Traders will be closely watching whether $RE can capitalize on the liquidation-driven strength and extend its bullish structure toward higher resistance zones

Let's go $RE ‌