#DRIFT Liquidation Alert:
$57.7K long position liquidated at $1.135!
Liquidation Details:
A $57.7K long position was liquidated at $1.135, triggering intense selling pressure and increased volatility in #DRIFT .
Current Price Action:
The liquidation drop presents a potential support opportunity, but the market could face further downside if the selling pressure persists.
Trading Plan for DRIFT
Entry Point:
Consider entering near $1.120, where support may form after the liquidation-driven decline.
Target Levels:
First Target:
$1.150 (short-term resistance).
Second Target: $1.180 (key resistance level for a recovery).
Stop Loss:
Set your stop at $1.100 to protect against further downside risk.
The #DRIFT liquidation presents a prime opportunity—capitalize on the $1.120–$1.180 range with a strategic, risk-conscious approach!