$MOODENG The recent long liquidation of $9,980.10 at $0.27217 indicates high volatility in the market. Such liquidations often signal increased selling pressure, but they can also create opportunities for traders.
Analysis Overview.
Current Price Level. $0.27217
Key Observation. Long liquidation often triggers further price drops as stop-loss levels are hit. However, strong support areas could reverse the trend.
Buy Zone.
If the price stabilizes or dips further, consider these levels.
Ideal Buy Zone. $0.240 - $0.260
Aggressive Buy Zone. $0.220 - $0.240 if the market overreacts and dips below primary support.
Targets.
Plan your targets based on resistance levels.
1. Target 1. $0.290 short-term recovery resistance.
2. Target 2. $0.310 strong resistance zone.
3. Target 3. $0.340 if momentum continues strongly.
Stop Loss Levels.
Always protect your capital with stop loss orders.
Stop Loss for Buy Zone 1. $0.230
Stop Loss for Buy Zone 2. $0.200
Market Sentiment and Strategy.
Short Term Strategy. If buying near the lower zones, aim for smaller profits. Target 1 and 2.
Long Term Strategy. If the market shows strength, hold a portion of your position for higher targets.
Risk Management. Only invest a portion of your capital, as volatility remains high.
Pro Tip.
Monitor trading volumes and liquidation trends closely. A sudden increase in buying volume after liquidation often indicates a potential reversal.
Let me know if you'd like more details or updates.
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