$VIRTUAL This indicates that a significant number of short positions were liquidated around the $3.15137 level, which could signal buying interest in this price area.

Key Levels to Watch.

1. Support Zone (Buy Zone).

Primary Buy Zone.
$3.10 - $3.20
This range is crucial as it is near the liquidation price. If the price holds above this level, it might act as a strong support.

2. Resistance Levels (Target Zones).

Target 1.
$3.40
This is the first target zone where some profit-taking could occur.

Target 2.
$3.60
If the momentum continues, this could be the next level to watch.

Target 3.
$3.75
A breakout above this level might indicate a strong bullish trend.

3. Stop Loss.

Below $3.05
This level ensures that losses are minimized in case the market turns bearish.

Trading Plan.

Entry.
Start accumulating between $3.10 - $3.20.

Profit Targets.

Partial exit at $3.40 (Target 1).

Further exit at $3.60 (Target 2).

Hold small positions for $3.75 (Target 3).

Stop-Loss: Place it slightly below $3.05.

Market Sentiment.

The short liquidation indicates a possible bullish reversal.

Watch for high trading volumes and any breakouts above $3.40 to confirm the trend.

Pro Tip.
Always monitor the overall market sentiment and adjust your strategy if unexpected news or events impact the price.

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$VIRTUAL Here’s a detailed and organic analysis of the information you provided, written in simple English:

Short Liquidation Event Analysis.

Event: Short Liquidation.

Amount Liquidated: $1,120.6K (1.12 million dollars)

Price Level: $2.24117

This means that traders who were betting against the price (short sellers) were forced to close their positions at this price point, likely due to a price increase.

What’s Next.

Buy Zone (Entry Point):

Based on the liquidation level, look for a potential buy zone between:

$2.15 - $2.25
This range represents a likely area where buyers might step in again after a correction or pullback.

Target Levels (Profit Zones):

For short-term and long-term profit goals:

1. First Target: $2.30

2. Second Target: $2.40

3. Final Target: $2.50+

Stop Loss (Risk Management):

Always use a stop-loss to protect your investment. Set your stop loss slightly below the buy zone:

Stop Loss: $2.10

Key Strategy and Advice.

1. Wait for Confirmation: Before entering, confirm that the price holds in the buy zone and shows upward movement (like higher lows or green candles).

2. Watch Volume: High trading volume near the buy zone strengthens the chances of a price increase.

3. Follow Market Trends: Monitor news, updates, and any external factors that might affect the price movement.

If the price drops below the stop loss, wait for a better opportunity to enter.
This strategy minimizes losses and maximizes potential gains.

Would you like any specific coin or token analysis for this.

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