$VANA Here’s a thrilling and simple breakdown of $VANA’s long liquidation and the next steps.
Long Liquidation Alert.
Liquidation Details.
Amount Liquidated: $2,295.7K
Price at Liquidation: $21.06933
What does this mean for you.
When a large liquidation like this occurs, it signals a potential shift in the market. In this case, the $VANA price drop could lead to a good buying opportunity, but it's important to be careful and look for the right entry point.
Next Steps for Trading.
1. Buy Zone.
The ideal buy zone for is around $19.50 to $20.50. This is where the price might find support after the liquidation, giving us a good entry point for a potential upward move.
2. Target.
The first target for $VANA after a potential reversal is $23.00 to $24.00. This range represents a good resistance level where we could expect some price action.
3. Stop loss.
Place your stop loss just below $18.50. This is the safety net in case the market goes against you, limiting your loss to a reasonable amount.
Why this is important.
A long liquidation of over $2 million can trigger a sharp price movement. In this case, you may have the chance to enter at a lower price before the market rebounds.
But remember, this is risky. Always trade with caution and use stop losses to protect your investments.
Stay cautious and keep an eye on the market.
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