#1000BONK Long Liquidation Alert
Long Liquidation Value: $9.2421K at $0.03003
Entry Point: $0.03050
The entry point is slightly above the liquidation price of $1000BONK at $0.03003, anticipating a potential price bounce or upward movement after the liquidation.
Target Price: $0.03200
Target set at #1000BONK $0.03200, providing a 4.92% upside from the entry. This price level acts as a potential resistance, making it an ideal target for profit-taking.
Stop Loss: $0.02900
Stop-loss placed at $1000BONK $0.02900, limiting downside risk to around 3.27%. This stop-loss ensures protection if the market moves against the position.
Risk/Reward Ratio: 1.5:1
Risk: $0.00150
Reward: $0.00150
The 1.5:1 risk/reward ratio provides a favorable risk-managed opportunity for the trade.
Market Context:
The liquidation event of #1000BONK suggests possible upward momentum as these events often trigger buying pressure. This could push the price towards $0.03200, approaching resistance.
⚠️ Disclaimer:
Cryptocurrency trading involves high volatility and risks. Always perform your own research and consult a financial advisor before making any investment decisions.