🚨 $STEEM Long Liquidation Alert 🚨
A significant $5.2091K worth of $STEEM was liquidated at $0.29634, sending shockwaves through the market! Such liquidations often signal a reset, creating fresh opportunities for traders. Are you ready to plan your next move? Let’s break it all down:
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Market Analysis
Liquidation Impact: The long liquidation shows heavy selling pressure, but it often clears overleveraged positions, paving the way for a potential reversal.
Key Zone: Buyers may step in near $0.2900–$0.2950, where demand could start to build.
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Trading Setup
Buy Zone:
📉 Plan your entries in the range of $0.2880 to $0.2960, a possible support area for bulls to regain control.
Targets:
🎯 Target 1: $0.3050
🎯 Target 2: $0.3200
🎯 Target 3: $0.3400
Stop Loss:
🚨 Manage your risk by setting a stop loss at $0.2800. This ensures limited downside in case the market drops further.
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What’s Next?
1. Volume Confirmation: Watch for an increase in buying volume around $0.2900. This could confirm a bullish reversal.
2. Breakout Signal: If breaks above $0.3000, it may signal the start of a rally toward the targets.
3. Monitor the Market: Broader market trends, especially Bitcoin and other major altcoins, could influence $STEEM’s price movement.
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💡 Pro Tips for Traders:
Stay patient—don’t chase the price if it rallies too fast. Wait for your buy zone.
Stick to your trading plan and avoid emotional decisions.
Keep an eye on resistance levels. A clean breakout could bring momentum buyers into the market.
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🔥 Will $STEEM bounce back stronger after this liquidation? Stay ready—big moves might be just around the corner! 🚀
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