Bitcoin Liquidation Alert šØ
A massive long liquidation of $BTC $5,329.4K has been triggered at $91,886.5. This shows extreme volatility and signals the next move could be huge! Traders, stay sharp!
Hereās what you need to know to plan your next trade:
Market Analysis
1. Current Sentiment: Bitcoin's liquidation at this level indicates whale activity. Be cautious as sudden price swings could continue.
2. Support Zone (Buy Zone): Watch for strong support at $88,000 - $90,000. This could be a great entry point if price consolidates.
3. Resistance Zone (Target): Resistance is likely near $93,500 - $94,000. A break above this could trigger a rally to $96,000+.
Trade Setup
Strategy: Use this dip as an opportunity, but manage your risks carefully.
Buy Zone: $88,500 - $90,000
Target 1: $93,500
Target 2: $96,000
Stop Loss: Place your stop at $87,500 to limit losses if price continues to drop.
Tips for Safe Trading
Use Proper Risk Management: Never invest more than you can afford to lose.
Keep an Eye on Volume: High volume near the buy zone confirms strength.
Be Patient: Wait for confirmation before entering trades.
The market is on edge. Stay focused, stay disciplined, and seize the opportunity!
This is not financial advice. Do your own research and trade responsibly.
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