$UXLINK A massive long liquidation of $4.6725K occurred at $1.40232 for $UXLINK. This could signal potential market shifts that traders need to pay close attention to.

Next Move Market Analysis.

After a liquidation, the market may experience a brief dip or a consolidation before continuing its trend. In this case, we need to focus on key levels to decide on the next steps.

Buy Zone.

Look for entry points around $1.35 - $1.37. This is where we expect potential support, which could lead to a price rebound. If the price drops further, we may see another entry opportunity around $1.25.

Target Levels.

First Target: $1.55 (moderate upside from current levels)

Second Target: $1.70 (strong resistance zone)

This should give us a good return if the market follows through.

Stop Loss.

Place your stop loss around $1.20 to protect yourself from a deeper decline. It's essential to manage your risk and avoid losses if the market doesn’t behave as expected.

Key Notes.

Watch for Price Action. Keep an eye on price action near support and resistance levels. If the market breaks above $1.55, we could see a surge in buying.

Market Sentiment. If the overall sentiment remains bullish, the chances of hitting our targets are higher. However, if sentiment shifts, be ready to exit quickly.

Conclusion.

Be cautious after a big liquidation event. Use the buy zones as potential entries, set your targets with careful risk management, and don’t forget your stop loss to minimize losses. Stay updated with market news and always adjust based on new data.

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