$JTO Here’s a simple breakdown and organic analysis for based on your query about long liquidation at $3.23759. Below are key insights with Buy Zone, Targets, and Stop Loss for better clarity.
Market Overview.
Liquidation Info.
A long liquidation of $1.0134K occurred at $3.23759. This suggests selling pressure, as some traders exited their long positions due to price dropping.
Current Sentiment.
The market may face short term bearish pressure near $3.20 levels due to this liquidation. However, if buyers re enter around key support levels, the price could rebound.
Technical Analysis.
Buy Zone.
Key Support Area.
$3.00 to $3.10.
This is a strong support area where buying interest might increase. You can consider entering here if the price stabilizes.
Targets.
1. First Target 1: $3.35 This is a near-term resistance level, achievable if bullish momentum starts.
2. Second Target 2: $3.50 If the price breaks $3.35, it could move towards this next resistance level.
Stop Loss.
Below $2.95: Place your stop loss here to protect against further downside. If the price drops below this level, it might signal extended bearish action.
What’s Next.
1. Wait for Confirmation.
Before entering a buy, ensure the price shows signs of stabilization in the $3.00–$3.10 zone. Watch for increased trading volume or bullish candlestick patterns.
2. Monitor Resistance Levels.
If $3.20–$3.25 acts as strong resistance, the price may struggle to rise further.
3. Keep Risk Low.
Don’t overleverage manage your position size carefully to avoid unnecessary losses.
Key Summary.
Buy Zone: $3.00–$3.10
Target 1: $3.35
Target 2: $3.50
Stop Loss. Below $2.95
Keep an eye on the market trend and updates, and trade cautiously.
Let me know if you need further insights.
#JTO/USDT #GMTBurnVote #BitwiseBitcoinETF #CryptoRegulation2025 #BTCXmasOrDip?