$JUP A long liquidation means traders who were holding long positions (betting on a price increase) were forced to exit as the price dropped below their stop-loss levels.
This liquidation at $0.80407 could signify a key support breach or a temporary shakeout before a potential recovery.
Analysis and Next Steps.
Buy Zone:
If the price stabilizes, consider buying in the range of $0.760 to $0.800.
This zone is likely to attract buyers and act as support.
Targets.
1. Short-term Target: $0.850
2. Medium-term Target: $0.900
3. Extended Target: $0.950 (if momentum strengthens)
Stop-Loss.
Place a stop-loss below $0.750 to minimize risk in case of further decline.
Additional Notes.
Watch volume and RSI (Relative Strength Index) for signs of recovery or oversold conditions.
If the price drops below $0.750, wait for a new support level to form before entering a trade.
A sudden rise above $0.820 with strong volume may indicate a bullish breakout, making it a good point to hold or add positions.
Let me know if you need further clarification or detailed charts.
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