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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