$POPCAT Long Liquidation: $9.6797K occurred at the price of $0.75611, suggesting a significant sell-off at this level.

This implies that many traders who had long positions at or above this price were forced to sell due to the price dipping below their margin requirements.

This liquidation indicates possible bearish pressure or a lack of buying support at this level.

Next Steps for Traders.

Here’s a detailed plan based on potential technical analysis:

Buy Zone.

$0.720 - $0.740:

This range is a potential entry point if the price stabilizes and forms support here.

Look for confirmation like reversal candlestick patterns (e.g., hammer) or volume increase before entering.

Target Levels.

Target 1: $0.780

This is a conservative target near the previous liquidation level. Expect resistance as sellers may re-enter here.

Target 2: $0.820

This is a more optimistic target if the market sentiment turns bullish. Monitor closely for signs of breakout momentum.

Stop-Loss.

Place your stop-loss at $0.710:

This ensures minimal losses if the price continues to drop and breaks below the buy zone.

Important Notes.

1. Market Sentiment:

Check if the overall market is bullish or bearish. A strong downtrend may push $POPCAT further down.

2. Volume Analysis:

Higher volume near the buy zone indicates strong buying interest. Enter cautiously if volume is low.

3. Risk Management:

Do not risk more than 1-2% of your total capital on a single trade.

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