🚨 $NOT Short Liquidation Alert! 🚨
Event: A short liquidation of $6.6039K was triggered at $0.00666, signaling a potential price reversal as shorts get squeezed out. Time to prepare for the next move!
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🔍 What's Happening?
Short liquidations often push the price higher as forced buybacks create bullish momentum. This could be the start of a breakout if resistance levels are breached.
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📉 Buy Zone:
$0.00650 - $0.00670
This range could offer a strong entry point if the price consolidates after the liquidation.
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🎯 Targets:
Target 1: $0.00710
Target 2: $0.00750
Target 3: $0.00790
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🛑 Stop Loss:
$0.00630
Set your stop loss below the nearest support to protect against unexpected downside.
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⚡ Key Insights:
1. Support Zone: $0.00650 is a critical support level. If it holds, bullish momentum could build.
2. Resistance Levels: The next resistance sits at $0.00710. Watch for a strong breakout above this.
3. Volume Indicator: A spike in trading volume could confirm bullish intentions.
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📊 Next Move:
If the price holds above $0.00650, expect a gradual climb toward $0.00710 and beyond.
A break below $0.00630 could signal a temporary bearish pullback.
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Trading Tip: Be patient. Look for confirmation of support and volume before entering the trade. Stick to your plan and use proper risk management.
Stay sharp and trade with confidence! Let me know if you'd like deeper insights or updates!
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