$IO Long Liquidation: $9.7362K at $2.86233 - What’s Next?

The IO pair has just seen a long liquidation of $9.7362K at the price of $2.86233, creating some volatility in the market. This liquidation event could lead to a significant price movement, so here’s what you need to know:

Key Insights:

1. Liquidation Impact: The large liquidation could trigger short-term selling pressure, which might push the price down in the short term. However, this could also create a buying opportunity if the market stabilizes.

2. Accumulation Zone: If the price falls from the liquidation level, look for a potential buy zone near $2.70 to $2.80. This is where the price could find support and bounce back.

Trade Setup:

Buy Zone: $2.70 - $2.80 (Look for potential support and a price bounce)

Target: $3.10 - $3.20 (Short-term recovery as the market adjusts after liquidation)

Stop-Loss: $2.50 (Place below the support level to limit potential losses)

Summary:

Buy Zone: $2.70 - $2.80

Target: $3.10 - $3.20

Stop-Loss: $2.50

This is a great opportunity to buy on dip after the liquidation event. Keep an eye on the price action and use proper risk management.

Good luck and stay safe! 📊🚀

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