$ALT Based on the information provided, let’s analyze the situation for and provide a possible trading strategy, including buy zones, target levels, and Stop loss.

Key Information.

Long Liquidation Amount: $5.0363K

Price at Liquidation: $0.1128

Liquidation typically indicates significant market movement, possibly due to high leverage positions. The market might either reverse or continue with momentum.

Analysis and Strategy for $ALT.

1. Market Overview.

The liquidation at $0.1128 suggests strong selling pressure.

$ALT might experience a short term bounce due to oversold conditions or a continuation of the downtrend if sellers dominate.

2. Buy Zone.

Safe Entry Zone.

$0.1080 - $0.1120

This range may act as a support level if buyers step in. Wait for confirmation of price stability before entering.

3. Target Levels Take Profit.

Target 1: $0.1180 Short term bounce.

Target 2: $0.1240 Resistance level.

Target 3: $0.1300 Major breakout level.

4. Stop Loss.

Place a stop loss below the nearest support to minimize risk.

Suggested Level: $0.1065

Risk Management.

1. Position Size.

Ensure you only risk 1-2% of your portfolio.

2. Confirmation Needed.

Enter the trade only if the price shows signs of reversal or stabilization within the buy zone.

Example Strategy.

Buy at: $0.1100

Stop-Loss: $0.1065

Target 1: $0.1180

Target 2: $0.1240

Target 3: $0.1300

Final Note.

Keep a close watch on volume and market sentiment. Use technical indicators like RSI and Moving Averages to confirm your entry and exit points. Adjust your strategy based on new data or market changes.

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