$ALGO Short Liquidation Alert

Event: Short Liquidation

Amount Liquidated: $5,861.6

Price: $0.4116

Market Analysis

A short liquidation shows that sellers are getting squeezed, leading to bullish momentum.

This can trigger an upward price move as traders cover shorts.

Key Levels

Buy Zone:

$0.4000 - $0.4120 (Look for dips near support for safe entry.)

Target Levels:

1. Short-Term Target: $0.4300

2. Mid-Term Target: $0.4500

Stop Loss:

$0.3900 (Below key support to limit risk.)

Trading Tips

Trend Watch: If price holds above $0.4150 with strong volume, it could signal a sustained rally.

Scalp Opportunities: Quick trades in this volatile zone can yield gains, but stick to your stop-loss.

Risk Management: Don’t overleverage; focus on capital preservation.

Stay updated on volume and whale activity to adjust your strategy. This liquidation could open the door for a strong upward push.

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