$USUAL Short Liquidation Alert
🔹 Liquidation Amount: $9,963.3
🔹 Liquidation Price: $1.39816
This significant short liquidation indicates a potential price surge, as short sellers are forced to close their positions. Here’s a detailed and simple trading plan:
Buy Zone
✅ Entry Range:
$1.35 - $1.40
This range is ideal for accumulating positions. Wait for slight pullbacks to get a better entry if possible.
Target Zones
🎯 Target 1: $1.50 (Immediate Resistance)
🎯 Target 2: $1.65 (Mid-term Profit)
🎯 Target 3: $1.80 (Breakout Level and Strong Resistance)
Stop Loss
❌ Stop Loss: $1.30
If the price drops below this level, it could signal a bearish trend, and you should exit the trade to prevent further losses.
Trading Strategy
1. Momentum Play:
Short liquidations often lead to strong upward momentum. Ride the trend but monitor for reversals.
2. Volume Confirmation:
Higher volume indicates stronger buyer interest. Enter trades when volume spikes.
3. Risk Management:
Avoid over-leveraging. Stick to a risk of 2-3% of your total portfolio for this trade.
4. Trailing Stop-Loss:
Move your stop loss higher as the price reaches each target to secure profits.
Key Insights
This large liquidation signals a possible rally.
Use patience to enter at the right price and follow your plan strictly.
Monitor the $1.50 level carefully as it is a crucial short-term resistance.
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