$ONE The recent short liquidation of $1.2796K at $0.03156 suggests a significant event in the market. Short liquidations typically indicate that the price is moving upward due to heavy short-covering. This might signal a temporary bullish momentum or a reversal trend depending on other market factors.

Here’s the full trading strategy based on the current scenario.

Market Analysis.

1. Current Price Zone: $0.03156

2. Resistance Levels.

Minor resistance at $0.03300

Major resistance at $0.03550

3. Support Levels.

First support near $0.03050

Strong support at $0.02950

Trading Plan.

Buy Zone.

$0.03050 - $0.03120

(Wait for the price to consolidate here before entering.)

Targets.

1. Target 1: $0.03280

2. Target 2: $0.03350

3. Target 3 (Extended): $0.03500

Stop Loss.

Place the stop-loss at $0.02920

(This level is below the strong support zone to manage risk effectively.)

Possible Scenarios.

1. Bullish Momentum.

If buying pressure continues and the price breaks $0.03350, we could see the price rallying towards $0.03550. Monitor volume and breakout candles for confirmation.

2. Bearish Breakdown.

If the price falls below $0.03050, it may head toward the next support zone at $0.02950. Avoid long positions in such cases.

Pro Tip.

Always use risk management. Never risk more than 1-2% of your trading capital on a single trade.

Keep an eye on BTC's movement as it often influences altcoins like $ONE.

Let me know if you need further clarification.

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