$BB A long liquidation event indicates that traders with long positions (expecting the price to rise) exited their positions, often due to stop-loss triggers or sharp market movements. This usually happens when prices dip below support levels, leading to selling pressure.
Here’s a detailed plan with buy zone, target levels, and stop-loss.
Current Status.
Price of Long Liquidation: $0.42039
Key Observations.
The price may test lower levels to find new support.
After liquidation, there's potential for a rebound if buyers show interest.
Trading Plan.
Buy Zone.
Zone. Between $0.400 and $0.430
This range is likely to act as support, where buyers might step in.
Wait for confirmation signals like a green candle on higher trading volume before entering.
Targets.
1. Target 1: $0.470
2. Target 2: $0.500
3. Target 3 (Extended): $0.540
Stop-Loss.
Place a strict stop-loss at $0.385.
This minimizes risk if the price falls further.
Additional Tips.
Volume Analysis.
Watch for increasing buying volume near the buy zone; this is a sign of strength.
Market Sentiment.
Keep an eye on broader market trends or news affecting $BB.
Risk Management.
Use only a small portion of your portfolio to trade high-volatility stocks.
Let me know if you need further clarification or help.
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