$ONE Long Liquidation Alert
A massive $9.9598K was liquidated at the price of $1.48501. This shows bearish pressure in the market as longs were forced out.
What’s Next?
This liquidation hints at potential further downside or consolidation. Here’s a clear plan to navigate:
Buy Zone
Look to enter around $1.420 - $1.450, where price might stabilize or bounce back.
Target Levels
Target 1: $1.500 (short-term resistance level)
Target 2: $1.550 (if bullish recovery continues)
Target 3: $1.600 (key breakout level for a rally)
Stop Loss
Set your stop loss at $1.400 to protect against further downside.
Key Insights
Bearish Signal: The liquidation shows sellers are dominant, but oversold conditions might spark a bounce.
Market Observation: Monitor the price action closely; if it drops below $1.400, further declines could follow.
Risk Management: Trade small and manage risk; the market may stay volatile.
Keep your strategy flexible and stay updated with market conditions for the best results!