$WIF Here's a detailed analysis of the token based on the liquidation information you provided.
Current Observation.
A long liquidation of $20.08K occurred at the price of $2.06899.
This indicates a bearish trend where long holders exited their positions due to price drops.
What’s Next for $WIF.
Buy Zone (Support Levels).
$2.00 - $2.05: The nearest psychological and technical support zone.
$1.85 - $1.90: A stronger support zone if the price breaks below $2.
Target Levels (Resistance Levels).
Short-Term Target: $2.15 (immediate resistance).
Mid-Term Target: $2.25 (higher resistance level).
Long-Term Target: $2.40 if bullish momentum resumes.
Stop-Loss Recommendation.
Conservative Traders: Set a stop-loss at $1.95 to minimize risk.
Aggressive Traders: Use a wider stop-loss at $1.85 if targeting long-term gains.
Trading Strategy.
1. For Buyers.
Wait for the price to enter the buy zone of $2.00 - $2.05 before entering the market.
Target $2.15 in the short term and $2.25 in the mid-term while keeping a strict stop-loss.
2. For Sellers.
Look for opportunities to sell near resistance levels of $2.15 or $2.25 if the price struggles to break higher.
Market Sentiment & Risk Management.
Monitor trading volumes and market sentiment. Low volume during rebounds might signal weak buying interest.
Use only 2-5% of your portfolio for this trade to manage risk effectively.
Note. Always keep an eye on broader market trends and news that might affect the token's price.
Let me know if you'd like more help or updates.
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