$UXLINK The recent short liquidation of $7.5623K at $0.93109 for $UXLINK indicates significant activity in the market.

Here’s a detailed analysis and trading strategy for your reference.

1. Market Sentiment Analysis.

Short Liquidation Insight: The $7.5623K liquidation suggests sellers were forced out as the price moved up.

This could indicate bullish momentum.

Current Trend: The price movement near $0.93109 could mean the bulls are gaining strength but resistance levels need to be watched.

2. Trading Plan for $UXLINK

a) Buy Zone:

Ideal entry zone: $0.9200 - $0.9350

Why this zone. Prices often retest breakout levels offering a chance to enter near support.

b) Target Levels:

Target 1: $0.9500 (Short-term resistance)

Target 2: $0.9750 (Medium-term goal considering a bullish breakout)

Target 3: $1.0000 (Psychological and long-term target)

c) Stop Loss:

Place a stop loss at $0.9050.

Reason: This level is below recent support.

If the price falls below it signals a bearish trend.

3. Risk Management:

Position Size: Avoid over leveraging. Keep your risk per trade below 2-3% of your total capital.

Risk-to-Reward Ratio: Aim for at least 1:2 or 1:3 to maximize profitability.

4. Additional Notes:

Monitor Market News: Stay updated on crypto market conditions as they can influence price movements.

Volume Analysis: Keep an eye on trading volumes a breakout with strong volume is more reliable.

Adjust Strategy: If the price consolidates or shows weakness near the buy zone reassess before entering.

Conclusion:

The $UXLINK market shows potential for upward momentum following the short liquidation.

Enter carefully within the buy zone and aim for defined targets with a disciplined stop loss.

Patience and proper risk management will be key to a successful trade.

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