$VIRTUAL This indicates that a significant number of short positions were liquidated around the $3.15137 level, which could signal buying interest in this price area.

Key Levels to Watch.

1. Support Zone (Buy Zone).

Primary Buy Zone.

$3.10 - $3.20

This range is crucial as it is near the liquidation price. If the price holds above this level, it might act as a strong support.

2. Resistance Levels (Target Zones).

Target 1.

$3.40

This is the first target zone where some profit-taking could occur.

Target 2.

$3.60

If the momentum continues, this could be the next level to watch.

Target 3.

$3.75

A breakout above this level might indicate a strong bullish trend.

3. Stop Loss.

Below $3.05

This level ensures that losses are minimized in case the market turns bearish.

Trading Plan.

Entry.

Start accumulating between $3.10 - $3.20.

Profit Targets.

Partial exit at $3.40 (Target 1).

Further exit at $3.60 (Target 2).

Hold small positions for $3.75 (Target 3).

Stop-Loss: Place it slightly below $3.05.

Market Sentiment.

The short liquidation indicates a possible bullish reversal.

Watch for high trading volumes and any breakouts above $3.40 to confirm the trend.

Pro Tip.

Always monitor the overall market sentiment and adjust your strategy if unexpected news or events impact the price.

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