A significant short liquidation of $6.6203K occurred at $0.00716 for $COS. This shows that $COS has strong buying pressure, potentially driving prices higher. Here’s a full breakdown to guide your next move:
Buy Zone
Ideal Entry: $0.0068 to $0.0072
Why? This zone has shown strong demand, and buyers are likely to step in here again.
Target Levels
1. Target 1: $0.0076
2. Target 2: $0.0080
3. Target 3 (if momentum holds): $0.0085
Stop Loss
Set a Stop Loss: $0.0065
Reason: This level invalidates the bullish structure and protects your capital if the market moves unexpectedly.
Key Insights
Shorts Liquidated: The short squeeze indicates bullish momentum is building up.
Volume Spike: Watch for increasing trading volume. If it rises, this confirms strong buyer interest.
Market Sentiment: As long as $BTC remains stable, altcoins like can continue their upward momentum.
Risk Management
Never invest more than 2-5% of your portfolio in a single trade.
Stick to the plan: Entry, Stop Loss, and Targets.
Next Steps
Monitor $COS near the buy zone for ideal entry.
Be patient and let the trade play out without emotions.
Stay focused and trade smart! Would you like me to prepare a similar post for Twitter X?