Big Liquidation Alert on $MANA ! ⚡🔥

A long liquidation worth $11,780 just hit at $0.5514, signaling that bulls are getting wiped out! This could create a key opportunity for traders, as the market may now shift toward either a continued drop or a sharp recovery bounce. Let’s break it down and plan the next move. 📉📈

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What’s Happening?

Long liquidations indicate bullish exhaustion, which often leads to downward pressure.

However, liquidation zones can act as springboards for recovery if buyers return with volume.

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Plan for Entry (Buy Zone):

Buy Zone: $0.5400–$0.5500

Look for signs of stabilization or buying momentum within this range before entering.

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Targets:

Target 1: $0.5650

Target 2: $0.5800

Target 3: $0.6000 (if bullish momentum strengthens).

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Stop-Loss:

Set Stop-Loss: $0.5350

Keep your risk controlled in case the sell-off continues.

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Key Indicators to Watch:

1. Volume Surge: A spike in trading volume above $0.5514 could confirm a recovery.

2. Support Levels: If $0.5400 holds strong, buyers might push prices higher.

3. Resistance Levels: Be cautious near $0.5650 and $0.5800; these areas could see selling pressure.

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Next Steps:

If $MANA breaks below $0.5400 with heavy volume, it could signal further downside; stay cautious.

Conversely, if $0.5514 is reclaimed with strength, a rally could follow—be ready to ride the wave.

Trade Smart, Stay Disciplined, and Watch the Market Closely! 🚀

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