$VANA Long Liquidation: $21,274 at $19.54507

A sharp liquidation of $21.27K has shaken the market. This event signals potential opportunities for traders. Let’s plan the next move with clear entry, target, and risk levels.

Market Overview:

The liquidation at $19.54507 shows a weak hold by buyers in this range. With sellers dominating, the market could either break lower or bounce from support zones.

Trading Strategy: What’s Next?

Buy Zone (Entry Point):

$18.80 - $19.20:

This zone is likely to act as support where buyers might re-enter. Wait for a bounce confirmation before placing a trade.

Target Levels:

1. First Target (T1): $20.50

Conservative traders can book profits here.

2. Second Target (T2): $21.80

A higher target for traders willing to take more risk.

Stop Loss:

Below $18.50:

Set your stop loss just below this level to limit potential losses if the price drops further.

Key Points to Watch:

1. Volume Confirmation: Ensure strong buying volume before entering the trade.

2. Risk Management: Trade with only 2-5% of your capital to manage your risk effectively.

3. Market Sentiment: Keep an eye on broader market trends, as they might affect this asset’s price action.

Potential Scenarios:

Bullish Scenario: If the price bounces from $18.80-$19.20, it could push toward the $20.50-$21.80 targets.

Bearish Scenario: A break below $18.50 might signal further downside; avoid long positions in such cases.

Stay focused, trade carefully, and always stick to your plan!

This post is designed to help you make informed decisions with clear and simple guidance.

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