$IO Here’s a detailed and simple breakdown for $IO based on the recent short liquidation and its price action.

Market Overview.

Short Liquidation: $3.027K was liquidated at $2.91173, indicating strong upward pressure from buyers as shorts were squeezed.

Current Sentiment: Bullish bias in the short term as buyers are showing strength.

Buy Zone.

Ideal Entry Zone: $2.85 - $2.92

Wait for the price to retest this zone if it pulls back.

Reason: This zone is close to the liquidation level and shows strong buyer support.

Targets.

First Target (T1): $3.10

Close a portion of your position at this level to secure profits.

Second Target (T2): $3.25

This is a key resistance zone where sellers might step in.

Extended Target (T3): $3.50

If bullish momentum sustains, this is a potential high-level target.

Stop Loss.

Place your stop loss below $2.80.

Reason: If the price drops below $2.80, it could indicate a shift in trend, invalidating the bullish setup.

Next Steps.

1. Monitor Volume: Ensure volume supports upward movement.

2. Wait for Pullback: Don’t chase; wait for price to enter the buy zone.

3. Risk Management: Keep position size small to manage losses effectively.

Final Note.

The market can be volatile, so stick to your strategy and avoid emotional decisions. Let me know if you need more clarification or live updates on the price action.

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